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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.
ENERGY
Energy – What to watch
- The latest Baker Hughes rig count data is due for release at 18:00BST. Earlier this month saw rig counts holding steady but have since resume the upwards trend. Rig counts have been gradually increasing with oil rigs up from a low of 172 in Aug20 and gas rigs up from 68 in Jul20. The expectation is for oil rigs to increase by 5 to 589 today and gas rigs were up to 154 last week.
- The ICE and Nymex commitment of traders reports will be released after the close today at 18:30BST and 15:30EST. Managed money net longs in WTI fell back last week as bearish sentiment started to feed into crude markets. Brent net longs have been increasing for nearly 2 months but it could follow WTI lower after downwards pressure on prices over the last 10 days.
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.
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