CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Unwinding Missile Strike Spike

COMMODITIES
  • 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).
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.