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Why MNI
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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 AccessSome attention being paid to weekly US crude....>
OIL: Some attention being paid to weekly US crude oil inventory numbers - that's
the first draw in headline crude oil inventories since early January. Oil prices
have benefited but looks like some refinery quirks could be distorting the
headline. Bloomberg note that BP Whiting refinery in Indiana (450,000bpd
capacity) outages could have had an impact:
- "Looking at that crude draw, most of it was from the Midwest (particularly
Cushing). [...] That's a big draw of 3.5 million barrels of gasoline, much more
than API had set the number last night. Most of the draw came in the Midwest,
where the BP Whiting refinery announced run cuts last week. "
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.