Free Trial

The major crude benchmarks added around $0.25...>

OIL: The major crude benchmarks added around $0.25 a piece from settlement
overnight, but consolidated lower after trading heavy on Wednesday.
- Increased worry surrounding the trade war, on the back of China's
countermeasures to U.S. tariffs, weighed on Wednesday, as did worries
surrounding slowing Chinese demand.
- Elsewhere a smaller than expected drawdown in headline crude inventories in
the latest DoE inventory data dimmed bull's short term hopes, with a build in
Gasoline stocks also weighing, although U.S. production ticked lower.
- There was also talk of North Sea producers struggling to find buyers for their
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.