MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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 Dips After A Two Day Surge

COMMODITIES
  • Crude oil prices are currently down -0.5 to -1% on a volatile day with risk off sentiment emerging. WTI remains up 8% ytd.
  • WTI is -1% at $81.8, not troubling resistance levels for once after two strong days. Resistance is eyed at $83.10 (Jan 12 high) with key short-term support at $77.83 (Jan 10 low).
  • The most active strikes in the Feb’22 contract today have been $80/bbl puts.
  • Brent is -0.6% at $84.16, falling back from initial resistance at $85.21 (Jan 12 high) with initial firm support at $80.50 (Jan 10 low).
  • Gold meanwhile gives back yesterday’s gains, -0.25% at $1821.1. Resistance remains at $1831.9 (Jan 3 high) with support at $1800.2 (Jan 11 low).
Energy BulletsCommodities
Energy BulletsCommodities

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.