© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
OIL

Global Crude Flow Changes

GLOBAL POLITICAL RISK

Week Ahead Article Published

US TSY FUTURES

BLOCK, 5Y Sale

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Prompt Brent Spread Testing Highs

OIL
BulletEnergy BulletsCommodities

Near term Brent spreads pushing back up with Sep-Oct heading toward records levels again. Expiry for the Sep Brent contract is due tomorrow.

  • The Oct-Nov spread is at historically high levels but off from the peaks reached earlier this month.
  • The longer term Dec-Dec spread has been largely following the trend in outright crude markets and has fallen back from a peak at 16.5$/bbl in earlier June to around 10$/bbl.
  • The stock draw from EIA in data released yesterday and a potential for a slowing pace of US interest rate hikes are supporting crude prices today.
  • Brent SEP 22 up 1.5% at 108.24$/bbl
  • WTI SEP 22 up 1.5% at 98.76$/bbl
  • WTI-Brent down -0.21$/bbl at -9.47$/bbl
  • Brent SEP 22-OCT 22 up 0.05$/bbl at 5$/bbl
  • Brent OCT 22-NOV 22 up 0.16$/bbl at 2.39$/bbl
  • Brent DEC 22-DEC 23 up 0.58$/bbl at 9.84$/bbl
139 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Near term Brent spreads pushing back up with Sep-Oct heading toward records levels again. Expiry for the Sep Brent contract is due tomorrow.

  • The Oct-Nov spread is at historically high levels but off from the peaks reached earlier this month.
  • The longer term Dec-Dec spread has been largely following the trend in outright crude markets and has fallen back from a peak at 16.5$/bbl in earlier June to around 10$/bbl.
  • The stock draw from EIA in data released yesterday and a potential for a slowing pace of US interest rate hikes are supporting crude prices today.
  • Brent SEP 22 up 1.5% at 108.24$/bbl
  • WTI SEP 22 up 1.5% at 98.76$/bbl
  • WTI-Brent down -0.21$/bbl at -9.47$/bbl
  • Brent SEP 22-OCT 22 up 0.05$/bbl at 5$/bbl
  • Brent OCT 22-NOV 22 up 0.16$/bbl at 2.39$/bbl
  • Brent DEC 22-DEC 23 up 0.58$/bbl at 9.84$/bbl