MNI: BANXICO RATE CUT DECISION 4-1; HEATH VOTED TO HOLD

MNI: BANXICO CUTS RATES BY 25 BPS TO 10.50%

MNI BRIEF: Canada Business Closure Rate Highest Since Pandemic

MNI CNB WATCH: More Easing, But Tight Policy Still Needed

MNI China Daily Summary: Thursday, September 26

MNI BRIEF: China GDP Growth Likely 4.8% In Q3 - BOC

EZ/UK Bond Supply Calendar: 5/5/10-Year BTPs / CCTeu Due Friday

US EIA:NAT GAS STORAGE +47 BCF TO 3,492 BCF SEP 20 WK

MNI: US NAR AUG PENDING HOME SALES INDEX 70.6 V 70.2 IN JUL

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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

OIL: RBC Points to Middle East Concerns for Oil

OIL
BulletEnergy BulletsCommodities

Lebanon is the story to watch in the Middle East that potentially draws Iran deeper into the conflict according to RBC’s head of global commodity strategy Helima Croft in a CNBC interview this week. 

  • “Iran are concerned about a liquidation of its most important proxy in the region,” Croft said.
  • “We have had any major disruptions to energy supply, that’s why this story has been put on the backburner,” she added.
  • “Given the fact we are potentially on the precipice of a real second front in this war, I think market participants should be showing much greater attention again,” Croft said.
  • The China story has been a really big drag on sentiment while the Fed rate cut is a boost for oil but “right now we need to watch out for what’s happening in the Middle East,” Croft added. 
136 words

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.

Lebanon is the story to watch in the Middle East that potentially draws Iran deeper into the conflict according to RBC’s head of global commodity strategy Helima Croft in a CNBC interview this week. 

  • “Iran are concerned about a liquidation of its most important proxy in the region,” Croft said.
  • “We have had any major disruptions to energy supply, that’s why this story has been put on the backburner,” she added.
  • “Given the fact we are potentially on the precipice of a real second front in this war, I think market participants should be showing much greater attention again,” Croft said.
  • The China story has been a really big drag on sentiment while the Fed rate cut is a boost for oil but “right now we need to watch out for what’s happening in the Middle East,” Croft added.