MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Oil Ending Softer On Fed Hiking Fears

COMMODITIES
  • Crude oil prices are flat to down as they finish on a weak note after Bullard stoked Fed hiking fears following strong inflation data, with talk of an inter-meeting hike plus favoring a 50bp move in March with 100bps before July.
  • WTI is -0.04% at $89.65 having not troubled resistance of $93.17 (Jan 4 high) or support of $88.41 (Feb 9 low).
  • The most active strikes in the H2 contract have been $85/bbl puts followed by $95/bbl calls.
  • Brent is -0.54% at $91.06, with support seen at $89.93 (Feb 8 low) and resistance at $94 (Feb 7 high) with the outlook remaining bullish.
  • Gold dips -0.2% to $1829.2 after a string of steady daily gains, again with late weakness. It remains between the bull trigger of $1853.9 (Jan 25 high) and bear trigger of $1780.4 (Jan 28 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.