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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.
ENERGY
- The latest Baker Hughes rig count data is due for release at 18:00GMT. The data last week continued to decline showing a slowdown in shale drilling. The oil rig count is expected to fall again to 589 from a peak of 627 in December and from 592 last week. The gas rig count was up slightly last week to 154 but below the peak of 166 back in September.
- The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30EST. ICE Brent crude managed money net long positions have gradually increased this year suggesting market upside risks supported by optimism for a demand recovery in China. The CFTC are still catching up with the missing market positioning data from recent weeks following the third-party service provider issue.
- Markets will also watch for the updated US payrolls data at 13:30GMT with the risk of further central bank rate hikes weighing on the market.
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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