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What to Watch Week Ahead Oil & Gas

OIL

Next week in the oil market the Nov23 Brent crude options expire against the futures close and the loadings programme for North Sea crude loadings will be published. China’s manufacturing PMI is also due to next week, giving further inside on the country's economic outlook and in turn, more insight on oil demand.

  • The Nov23 Brent crude options expire against the futures close on 26 Sep with significant open call exposures currently at 95$/bbl and open call and put positions below the market at 91$/bbl and 90$/bbl.
  • China will publish its manufacturing purchasing managers’ index on 30 September. China’s manufacturing activity remained weak in August – contracting for a fifth consecutive month. The manufacturing PMI rose to 49.7 from 49.3 in July.
  • From 28 September the loading progammes for North Sea grades November crude shipments will be published.

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