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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
- API data last night showed draws in US stocks of both crude and products. This could add support to both crude and especially refined product markets if it is confirmed in the EIA weekly inventory data released today at 15:30. The expectation is for the EIA to report a -1.0m draw in crude and only small changes in gasoline and distillate stocks and therefore expected to offer little relief for the tight product markets.
- The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks have been hovering at or below the bottom of the 5-year range recently with European ARA crude inventories at 57.35mbbls last week.
- The FOMC decision is due at 19:00BST. Expectations are for a 75bp increase at today's meeting with focus on the size of future hikes due to weak economic data.
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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