Free Trial

Tight Supply Supports Crude Amid Economic Demand Concerns


Crude Edges Higher with prices taking a break from the economic slowdown driven decline.

  • Supply side support comes from Russian supply uncertainty, the OPEC+ cuts and wider OPEC member underproduction. US production forecasts suggest little help in easing tight supplies however the US are releasing the final 15mbbls of the planned withdrawal from the SPR in December.
    • Brent DEC 22 up 0.9% at 90.8$/bbl
    • WTI NOV 22 up 1.4% at 83.94$/bbl
    • Gasoil NOV 22 down -1.4% at 1090$/mt
    • WTI-Brent up 0.03$/bbl at -7.76$/bbl
    • Brent DEC 22-JAN 23 up 0.05$/bbl at 1.48$/bbl
    • Brent DEC 22-DEC 23 up 0.49$/bbl at 10.56$/bbl

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.