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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.
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Free AccessPulls Back In Asia After Three-Day Rally
Oil is slightly lower in Asia-Pac trade on Thursday, impacted by generally negative sentiment in the region after a three-day rally, the dollar index has crept higher which has exerted some extra pressure on crude futures. Worries over the delta variant persist, the EU is scheduled to discuss reimposing restrictions on US visitors later today while restrictions remains in place in many countries, though the prospect of increased demand from India and effective containment policies in China are supportive. Inventory data yesterday showed headline stockpiles fell 2.98m bbls, while downstream products also saw stockpile draws. The Jackson Hole meeting, which is due to begin later today, will be key for the direction of risk sentiment, commentary from FOMC Chair Powell on Friday headlines that (now virtual) event.
To read the full story
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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.