Free Trial

Oil recovered alongside broader risk............>

OIL
OIL: Oil recovered alongside broader risk sentiment in the second-half of the
Asia-Pacific session as Chinese GDP data met exp. WTI & Brent both trade ~$0.20
higher at writing.
- This comes after trade talk hopes boosted crude on Friday, while the IEA's
latest round of data pointed to non-OPEC nations within the OPEC+ agreement
raising production in December, ahead of the planned cuts.
- Baker Hughes rig count data pointed to a 21 less active U.S. oil rigs in the
latest week, representing the lowest level of active rigs seen since May.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.