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

Thawing Of Geopolitical Risks Plus Iran Progress

COMMODITIES
  • Crude oil prices have fallen for a second day as Iran nuclear talks progressed (proposals are “on the finish line”) and Macron said he received assurances from Putin that we would not escalate the situation further, even if Moscow cast doubt on this.
  • With oil already offered, there appeared to be little impact from White House Economic Adviser Bernstein saying that releasing more oil reserves is an option.
  • WTI is -1.7% at $89.75, having cleared initial support of $90.07 (Feb 4 low) which next opens $86.34 (Jan 31 low). The most active strikes in the H2 contract have been $95/bbl calls.
  • Brent is -1.7% at $91.09, also through first support at $91.2 (Feb 4 low) and opening $87.72 (Feb 1 low).
  • Gold is up another 0.4% today at $1828.5 and currently sits between the bull trigger of $1853.9 (Jan 25 high) and the bear trigger of $1780.4 (Jan 28 low).
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.