Free Trial

Bears Threat Remains Present


Late SOFR/Treasury Option Roundup


St Louis Fed Director On Inflation, Growth


Needle Points North, Despite Friday Pullback

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

The major oil benchmarks started 2019 on the....>

OIL: The major oil benchmarks started 2019 on the front foot, with risk assets
ticking higher, before a soft Chinese Caixin manufacturing PMI print weighed on
risk. WTI & Brent last ~$0.40 & $0.50 lower respectively.
- The space initially drew support from a tweet made by the UAE energy minister
on Tuesday which stated that "as we start a new year, I remain optimistic toward
achieving the market balance during the 1st quarter after OPEC and Non-OPEC
production cut. At this time last year we remember the same pessimistic views
which we disagreed with and as we expected 2018 was a good year."
- This came after the Algerian energy minister told Platt's that "he was
confident oil prices will return to between $65 and $70 a barrel by April, but
stressed that the OPEC alliance would cut production further if the market had
not responded by then."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to


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.