Free Trial

Oil Markets Await Keystone News

OIL

Oil remains weak Monday as the market awaits any news on the Keystone pipeline while a week of key rate decisions weigh on markets.

  • TC Energy said Sunday that there was no restart date for the Keystone pipeline stoking fears that the leak may be worse than first thought.
  • Crude remains on track for its first back-to-back quarterly decline since mid-2019 on weak demand outlooks.
  • Brent FEB 23 down -0.6% at 75.64$/bb
  • WTI JAN 23 down -0.5% at 70.63$/bbl

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.