MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 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.
Energy BulletsCommodities
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.