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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
EIA data showed the US exported more oil than it imported for the 12th consecutive week.
- Crude exports fell slightly by 351kbbls after surging last week but the strong Brent premium to WTI, with the spread at -3.35$/bbl, are helping to keep exports well above normal. With just a small increase in Cushing stocks of 256kbbls last week, the WTI-Brent spread is expected to continue to encourage sending crude to Europe.
- Despite record domestic pump prices gasoline exports jumped above the 5-year range for the time of year with higher exports to Mexico and other Latin American countries.
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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