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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.
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Free AccessOil has edged higher through the morning with...>
OIL: Oil has edged higher through the morning with Brent crude trading up to
USD61.58/bbl from a low of USD60.90/bbl, while WTI trades at USD52.33/bbl up
from USD51.70/bbl.
- The recent escalation in US-Iranian tensions shows few signs of dying down in
the near term given that Washington has released video footage purportedly
showing Iranian involvement in the attack on a oil tanker near the Persian Gulf.
A patrol boat from the Islamic Revolutionary Guard Corps was seen removing a
mine from one of the tankers that was attacked.
- Iran has said it "categorically rejects" accusations that it was involved in
the attack.
- Adding further fuel to the mix, US Deputy Energy Secretary Dan Brouillette has
said that China is probably not complying with US sanctions on Iranian oil
exports.
- Meanwhile, EIA data show US imports from OPEC countries are now running at the
lowest level in 33 years.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.