MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI: US REDBOOK: DEC STORE SALES +4.2% V YR AGO MO

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 – Higher For The Week as Recession Fears Lowered, Middle East Tensions Continue.

OIL


  • Oil moved higher over night on simmering tensions in the Middle East as concerns over a potential attack on Israel by Iran intensifies.
  • Having traded up towards 81.50 overnight, Oil gave back some early gains in the Asia session trading at $80.86, representing a 1.5% increase on the week.
  • West Texas Intermediate briefly traded above $78 a barrel before settling at $77.92 during the Asian market session, representing a 1.3% increase on the week.
  • Data throughout Asia this week was mixed with China posting a 8% yoy decline in demand whereas Singapore exports saw a marked increase.
  • Overnight data from US offset the data from Asia pointing to a more robust US economy than expected.
Energy BulletsHomepagemarkets-real-timeBulletCommodities
Energy BulletsHomepagemarkets-real-timeBulletCommodities

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.