Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
US OIL CLOSE: NYMEX October light sweet crude oil futures settled down $0.13 at
$46.44 per barrel, after trading in a $45.76 to $46.96 range. The earlier low
was the lowest since July 24, when the front contract posted a low of $45.40.
- West Texas Intermediate again closed below its 55-day moving average,
currently at $46.64, which did not bode well for near-term recovery.
- Crude took little comfort also from API data, released late Tuesday, showed a
crude stock draw of 5.8 million barrels in the latest week. The market now eyes
EIA inventory data, due out Wednesday.
- The front contract peaked August 10 at $50.22. This came after topping out at
$50.43 August 1 and $50.41 July 31, which was also the last time West Texas
Intermediate closed above the $50 mark.
- Most recently, WTI topped out at $52.00 May 25, before the announcement of a
nine-month extension of OPEC/non-OPEC production cuts. The extension was largely
priced in and oil fell to $42.05 on June 21.