MNI: PBOC Net Drains CNY195.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1868 Weds; -2.18% Y/Y

MNI China Daily Summary: Tuesday, December 24

MNI: JAPAN NOV SERVICES PPI +3.0% Y/Y; OCT UNREV +2.9%

MNI: PBOC Net Drains CNY291.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Tues; -2.11% Y/Y

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

MNI: US DEC PHILADELPHIA FED NONMFG INDEX -6

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Crude Climbs on Ceasefire Violation Claim

OIL
BulletEnergy BulletsCommodities

Crude has climbed back into gains on the day amid headlines suggesting that the recently agreed ceasefire between Israel and Hezbollah has already been violated

  • Brent JAN 25 up 0.4% at 73.13$/bbl
  • WTI JAN 25 up 0.3% at 68.95$/bbl
  • ISRAEL MILITARY SAYS ARRIVAL OF SUSPECTS, SOME WITH VEHICLES, WAS DETECTED IN SEVERAL AREAS IN SOUTHERN LEBANON, WHICH CONSTITUTES A VIOLATION - rtrs
  • This threatens to further worsen tensions in the region and is thus the risk remains that ongoing tensions could still escalate into a wider conflict which could disrupt oil flows.
  • A delay to the OPEC+ meeting until Dec. 5 is also supportive, adding speculation that the bloc is looking to guarantee a deal to extend the cuts further.
115 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Crude has climbed back into gains on the day amid headlines suggesting that the recently agreed ceasefire between Israel and Hezbollah has already been violated

  • Brent JAN 25 up 0.4% at 73.13$/bbl
  • WTI JAN 25 up 0.3% at 68.95$/bbl
  • ISRAEL MILITARY SAYS ARRIVAL OF SUSPECTS, SOME WITH VEHICLES, WAS DETECTED IN SEVERAL AREAS IN SOUTHERN LEBANON, WHICH CONSTITUTES A VIOLATION - rtrs
  • This threatens to further worsen tensions in the region and is thus the risk remains that ongoing tensions could still escalate into a wider conflict which could disrupt oil flows.
  • A delay to the OPEC+ meeting until Dec. 5 is also supportive, adding speculation that the bloc is looking to guarantee a deal to extend the cuts further.