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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.
OIL
Brent time spreads maintain strength on supply risks.
- Brent Dec-22 Dec23 has rallied from 5.78$/bbl on Aug 17 up to current levels around 10.8$/bbl as curve backwardation has steepened.
- The Brent Oct-Nov spread has settled down slightly today after spiking higher late last week and ahead of the October contract expiry on Wednesday.
- The WTI-Brent front month spread is also holding steady today after widening out as far as -7.95$/bbl late last week.
- Brent OCT 22 up 0.3% at 101.28$/bbl
- WTI OCT 22 up 0.5% at 93.5$/bbl
- WTI-Brent up 0.03$/bbl at -7.77$/bbl
- Brent OCT 22-NOV 22 down -0.22$/bbl at 1.76$/bbl
- Brent NOV 22-DEC 22 up 0.04$/bbl at 1.7$/bbl
- Brent DEC 22-DEC 23 up 0.34$/bbl at 10.76$/bbl
Source: Bloomberg
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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