MNI BRIEF:China Optimistic On Property Despite Investment Fall

MNI BRIEF: China Oct Retail Sales Surge On Holiday, Trade-ins

MNI: PBOC Net Injects CNY968.8 Bln via OMO Friday

CHINA OCT INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.5% Y/Y: NBS

CHINA PBOC CONDUCTS CNY981 BLN VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1992 Fri; +0.72% Y/Y

MNI JAPAN Q3 REAL GDP +0.2% Q/Q; MNI MEDIAN +0.2%

MNI: FED BALANCE SHEET TOTAL ASSETS -$27B TO $6.967T IN WEEK

US EIA: CRUDE OIL STOCKS EX SPR +2.09M TO 429.7M NOV 08 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

Oil Holding Gains amid US SPR Re-stock and Middle East Tension

OIL

Crude is holding most of its gains during the day, as the US announcement that it will further refill the SPR, coupled with widening Middle East tension, have supported prices.

  • WTI FEB 24 up 3.2% at 72.6$/bbl
  • WTI-Brent unchanged at -5.24$/bbl
  • WTI FEB 24-MAR 24 up 0.05$/bbl at -0.19$/bbl
  • WTI MAR 24-APR 24 up 0.05$/bbl at -0.15$/bbl
  • The US is seeking up to 3 bbl of sour crude for the strategic petroleum reserve, according to a notice by the US Department of Energy. The 3m bbl will be delivered to the Big Hil SPR site between April 1-30 2023.
  • A terrorist attack near the grave site of Iranian commander Qassem Soleimani in the central Iranian city of Kerman had added to tensions in the Middle East.
  • The Houthi rebels have fired three missiles a Malta-flagged boxship near its port quarter, according to reports from security firm Ambrey, which is likely the CMA CGM Tage, ship tracking data showed.
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.