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Why MNI
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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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Free AccessWTI & Brent last trade ~$0.30 softer a piece,...>
OIL: WTI & Brent last trade ~$0.30 softer a piece, as risk trades heavy
overnight.
- Monday's early risk on theme saw oil peak in early EU trade, before USD
strength and souring risk sentiment added pressure to crude.
- Comments from the Saudi energy minister re: 300K of extra production being put
into play "soon" also added weight, and came on the back of weekend comments
from Libya's NOC, which also pointed to hundreds of thousands of barrels worth
of additional production.
- Traders await Tuesday's API crude inventory estimate, with analysts looking
for a headline crude build of ~3.4mn bbls in this week's DoE inventory data, due
Wednesday.
To read the full story
Sign up now for free trial access to this content.
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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.