MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

US EIA: CRUDE OIL STOCKS EX SPR +2.74M TO 460.0M APR 12 WK

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Prompt Brent Spread Testing Highs

OIL

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
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.