Free Trial

Retreats On Demand Concerns

OIL

Crude futures are lower on Monday, giving back some of the gains seen on Friday. WTI is down $0.21 from settlement levels at $61.21/bb;, while Brent is $0.25 lower at $64.28/bbl.

  • There is some uncertainty in the market as lockdown measures extend in Europe which has cast doubts over a recovery in demand. France and Germany have extended lockdown measures, while Germany is reportedly considering the same. The demand equation is further clouded by an increase in the number of unsold cargoes from West Africa in April.

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.