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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.
OIL PRODUCTS
A recovery in distillates demand above the five year average in the EIA weekly petroleum data today has added to the unexpected stocks draw and has supported diesel markets.
- Weekly distillates demand saw an increase to the highest since late May reflecting a recovery in truck freight as well as fuel consumption for harvesting crops according to Bloomberg. The four week average has gained back above the seasonal five year average having held near the low in recent weeks.
- Gasoline demand also saw a small gain on the week but the four week average fell again to the lowest since March and still near the five year seasonal low.
Source: MNI / EIA
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.
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