Free Trial

WTI & Brent operate around Tuesday's............>

OIL
OIL: WTI & Brent operate around Tuesday's settlement levels.
- Reports suggest that the latest API inventory report presented a smaller than
expected build in headline crude stocks, alongside a build in inventories at the
Cushing hub, a surprise drawdown in gasoline stocks and a smaller than expected
drawdown in distillate stocks.
- This comes after Russia intimated that its crude production has reached record
levels on Tuesday.
- Elsewhere reports pointed to the joint Saudi-Kuwait oil projects being stalled
by issues surrounding the role that Chevron will play.
- Focus turns to the Russian energy conference & weekly DoE inventory data on
Wednesday.
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

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.