Free Trial

The major oil benchmarks operate around.........>

OIL: The major oil benchmarks operate around settlement levels at writing. There
has been little in the way of headline catalysts apparent during Asia-Pacific
- This comes after crude benefitted from a WSJ source piece released Monday,
which suggested that Saudi will be cutting 800K b/d worth of exports vs. Nov
levels in the month of January, which would represent levels beyond its OPEC+
deal commitments. The piece also suggested that Saudi is seeking a return to
$80/bbl in price terms, although the cartel is always quick to stress that it
doesn't target specific price levels.
- The weekly API inventory estimate headlines Tuesday.
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.