Free Trial
USDCAD TECHS

Is Challenging The 50-Day EMA

GOLD TECHS

Trend Condition Remains Bullish

BUNDS

CPIs are the main focus

BRENT TECHS

(F3) Gains Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
OIL
OIL: WTI & Brent futures have each added a few cents overnight, extending on
Thursday's modest gains, after the contracts experienced pressure from month-end
flows on Thursday, pushing them well away from session highs. WTI still managed
to lodge a gain of over 18% in January.
- A weak Chinese Caixin manufacturing PMI limited crude overnight.
- Thursday saw JBC's survey indicate a decline of 900K bpd in terms of OPEC
production in January.
- BP's Husky refinery experienced some production issues owing to the cold
weather.
- WSJ reported that Venezuela's Citgo was contemplating declaring bankruptcy in
the U.S., which was later played down by the firm.
- Baker Hughes rig count data is due Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.