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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.
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Free AccessThe major oil benchmarks managed to record......>
OIL: The major oil benchmarks managed to record marginal gains with questions
over the OPEC+ output agreement and worries over Venezuelan supply dominating
the headlines.
- Traders await the weekly API crude inventory estimate, with analysts
forecasting a draw in headline crude inventories ahead of this week's DoE
release.
- WTI's losses to start the new week ensure that the contact remains offered as
it now flirts with the 100-DMA ($64.73). Bears now look for a close below the
April 05 high ($63.87) to shift initial focus lower. Layers of resistance are
weighing despite daily studies sitting at oversold levels. Bulls now need a
close above the June 01 high ($67.34) to gain breathing room.
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.