MNI BRIEF: Trade War To Increase Volatility Inflation -Panetta

MNI China Daily Summary: Friday, November 15

MNI BRIEF:China Optimistic On Property Despite Investment Fall

CORRECTED-MNI INTERVIEW: NBH To Hold Rates

MNI BRIEF: China Oct Retail Sales Surge On Holiday, Trade-ins

CHINA OCT INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.5% Y/Y: NBS

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

MNI: US OCT INDUSTRIAL PROD -0.3%; CAP UTIL 77.1%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

Oil Slips Back to Negative Territory

OIL

Any fears around potential OPEC+ cuts this weekend are failing to take hold of markets as crude slips to negative territory for the day after Chinese weakness weighed on the market this week.

  • Oil had gained some momentum this morning over optimism around the US debt ceiling being resolved as well as hopes over a Fed rate hike pause.
  • Refinitiv reported Chinese crude oil imports came in at 11.22 million bpd in May, which would be up from the 10.36 million bpd in April but down from the 34-month high of 12.37 million bpd in March.
  • It is not clear if this is to maintain high refinery run rates or to bolster stockpiles which Kpler showed earlier this week were growing.
  • Brent AUG 23 down -0.2% at 72.43$/bbl
  • WTI JUL 23 down -0.3% at 67.89$/bbl
Energy BulletsCommodities
Energy BulletsCommodities

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.