Free Trial

Risk-on flows surrounding a SCMP source piece...>

OIL
OIL: Risk-on flows surrounding a SCMP source piece which noted that "the U.S.
and China have tentatively agreed to another truce in their trade war in order
to resume talks aimed at resolving the dispute" have allowed WTI & Brent to pare
the modest losses that were observed in the early part of Asia-Pacific trade.
- This comes after WTI & Brent both managed to settle around $1.50 higher on
Wednesday, drawing support from a bullish round of API & DoE inventory reports.
Wednesday also saw the complex draw support from confirmation that the PES
refinery in Philadelphia will close, which supported RBOB prices.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.