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Uptick On U.S. Fiscal Matters & Trump's Health

OIL

WTI & Brent sit over $0.60 better off than their respective settlement levels at typing, supported by positive musings surrounding the U.S. fiscal backdrop and apparent positive developments surrounding the health of U.S. President Trump over the weekend. Going back to Friday, the sell off for crude was generally more persistent than the one seen in U.S. equities.

  • In terms of crude specific weekend news flow, BBG sources suggested that "Saudi Arabia kept its crude oil output broadly stable last month, pumping 8.974 million barrels a day in September compared with 8.988 million barrels a day in August."
  • Elsewhere, Libya's crude production continues to trickle higher after the recent truce signed within the nation allowed the lifting of a blockade on energy facilities.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Energy BulletsCommodities

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