MNI BRIEF: Fed's Barr Aims For Broad Consensus On Capital Plan

FED'S BARR: WE THINK FAIRLY SOON WE CAN ADJUST PACE OF QT

FED BARR: EXPECT BROAD, MATERIAL CHANGES TO BASEL III PROPOSAL

MNI EM China Daily Summary: Friday, March 22

MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

Bond Supply Calendar: Long BoE APF Sales on Monday

MNI: BAKER HUGHES US RIG COUNT 624; OIL RIGS 509; GAS RIGS 112

EZ/UK T-Bill Calendar: Germany, France Auction Monday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

WTI, Brent Circling Below Cycle Highs

COMMODITIES
  • Both Brent and WTI crude benchmarks are higher ahead of Tuesday's NYMEX open, although both contracts hold just below the cycle highs printed earlier in the week.
  • Oil benchmarks are facing further mixed messages out of Iran as the self-imposed deadline for nuclear talks looms large. Reports that Iran have produced over 100kg of 20% enriched uranium will have been a cause for concern, directly running against US sanctions agreements and lessening the likelihood of a return to international energy markets for Iranian crude supply. In contrast, one of the more moderate candidates for this weekend's Presidential election has urged closer ties with the West, a sure signal that a centrist victory in Iran would lead to more sanctions adherence.
  • Brent directional parameters are as follows: $74.00/bbl psychological resistance and the $70.51/bbl 20-day EMA as support.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

To read the full story

Close

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.