Free Trial
USD

USDCAD at new intraday high

USDCAD TECHS

Approaching Key Resistance

CORN TECHS

(Z2) Extends Gains

USD

Upside continuation

EQUITY TECHS

E-MINI S&P (U2): Remains Vulnerable

US EURODLR OPTIONS

Latest trades

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Oil markets and spreads lose earlier gains

OIL

EU talks regarding a Russian oil embargo are likely to continue into June as Hungary continues to oppose an agreement.

  • Brent trading slightly down on the day after pushing up to 114$/bbl earlier.
  • Front crude spreads remain steady but longer-term spreads lose ground back to Fri levels.
  • WTI-Brent spread falls back from -2.4 to -2.72$/bbl
  • Brent JUL 22 down -0.3% at 112.19$/bbl
  • WTI JUL 22 down -0.7% at 109.46$/bbl
  • Gasoil JUN 22 down -1% at 1057.5$/mt
  • Brent JUL 22-AUG 22 unchanged $/bbl at 2.56$/bbl
  • Brent DEC 22-DEC 23 down -0.27$/bbl at 12.06$/bbl
92 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

EU talks regarding a Russian oil embargo are likely to continue into June as Hungary continues to oppose an agreement.

  • Brent trading slightly down on the day after pushing up to 114$/bbl earlier.
  • Front crude spreads remain steady but longer-term spreads lose ground back to Fri levels.
  • WTI-Brent spread falls back from -2.4 to -2.72$/bbl
  • Brent JUL 22 down -0.3% at 112.19$/bbl
  • WTI JUL 22 down -0.7% at 109.46$/bbl
  • Gasoil JUN 22 down -1% at 1057.5$/mt
  • Brent JUL 22-AUG 22 unchanged $/bbl at 2.56$/bbl
  • Brent DEC 22-DEC 23 down -0.27$/bbl at 12.06$/bbl