Free Trial

Oil prices have edged lower with Brent crude....>

OIL
OIL: Oil prices have edged lower with Brent crude trading down to USD64.23/bbl
from a morning high of USD65.02/bbl, while WTI trades at USD56.88/bbl down from
USD57.79/bbl.
- According to the New York Times and the Associated Press, the US had ordered a
military strike against Iran on Thursday evening but subsequently called it off.
The latest development follows Iran's admission that it shot down a US drone
that had entered its airspace. 
- Chief Executive of Lukoil has argued that the OPEC oil output deal should be a
permanent agreement with flexibility to change oil output volumes. 

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.