MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Risk Off Pressures Oil In Asia

OIL

Oil is lower in Asia-Pac trade on Tuesday; WTI is down $0.21 at $52.56, while brent is $0.29 lower at $55.59.

Markets adopted a broadly risk off tone in Asia as a resurgence in Covid-19 and tighter lockdowns dent the demand outlook.

  • The downside is tempered as markets weigh lower supply; Iraq is reducing production to compensate for exceeding its quota in 2020, it will pump 3.6m BPD in January and February, some 250k BPD lower than December and the lowest since 2015. Supply from Libya could also be disrupted as strikes over pay disputes go ahead.
  • Attention will turn to how strict travel restrictions are in China over the LNY period, and API inventory data late on Tuesday.
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.