MNI: Canada Apr-Nov Budget Deficit CAD3.6B, Beats Projection

(CORRECTED)MNI INTERVIEW: ECB Communications Errors Risk Market Selloff

(CORRECTED)MNI INTERVIEW: ECB Communications Errors Risk Market Selloff

MNI: US NAR DEC PENDING HOME SALES INDEX 76.9 V 75 IN NOV

EZ/UK Bond Supply Calendar: EU-bond auction / UK long APF Mon

EZ/UK T-Bill Calendar: Germany & France to issue Monday

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
OPTIONS

Larger FX Option Pipeline

US TSYS

Market Roundup: Implied Hike Steady After In-Line Data

BONDS

EGBs-GILTS CASH CLOSE: Modest Steepening Ahead Of A Big Week

US

Atlanta Fed GDPNow Q1 '23 Est

EQUITIES

Earnings Cycle Reaches Critical Mass Next Week

PERU

Boluarte Says General Election May Be Brought Forward To December

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
Trending Top 5
Market News Topics

Unwinding Missile Strike Spike

COMMODITIES
Metals bulletEM BulletFixed Income NewsHomepageCommoditiesEnergy BulletsBulletMarketsEmerging Markets NewsForeign Exchange News
  • Crude oil has fallen as geopolitical tensions faded after yesterday’s spike, with general agreement that the missile strike in Poland was wayward Ukraine air defense whilst a section of the Druzhba pipeline was reported to have restarted flows.
  • The declines came despite a mostly bullish EIA report with a 5.4mln barrel drop in US crude inventories, whilst Germany warned of possible bottlenecks from the Russian oil embargo.
  • WTI is -1.4% at $85.68 having earlier come close to support at yesterday’s low of $84.06. Resistance remains at $90.10 (Nov 11 high).
  • Brent is -1.0% at $92.95, also coming close to testing key support at yesterday’s low of $91.53 whilst resistance remains $96.95 (Nov 14 high).
  • Gold is -0.3% at $1773.98 although the trend is still seen northward with resistance at $1786.5 (Nov 15 high) and support at $1729.5 (Oct 4 high).
140 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Crude oil has fallen as geopolitical tensions faded after yesterday’s spike, with general agreement that the missile strike in Poland was wayward Ukraine air defense whilst a section of the Druzhba pipeline was reported to have restarted flows.
  • The declines came despite a mostly bullish EIA report with a 5.4mln barrel drop in US crude inventories, whilst Germany warned of possible bottlenecks from the Russian oil embargo.
  • WTI is -1.4% at $85.68 having earlier come close to support at yesterday’s low of $84.06. Resistance remains at $90.10 (Nov 11 high).
  • Brent is -1.0% at $92.95, also coming close to testing key support at yesterday’s low of $91.53 whilst resistance remains $96.95 (Nov 14 high).
  • Gold is -0.3% at $1773.98 although the trend is still seen northward with resistance at $1786.5 (Nov 15 high) and support at $1729.5 (Oct 4 high).