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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.
OIL
The WTI-Brent spread has closed to the narrowest since December with declining stocks at Cushing and due to the addition of US WTI Midland crude into Dated Brent physical benchmark from June.
- The front month spread has closed from around -6$/bbl in mid March to -3.71$/bbl today.
- EIA data this week showed a draw at Cushing for the seventh consecutive week bringing stocks down from a high of 40.7mbbls in late February to 32.75mbbls.
- Brent JUN 23 down 0% at 81.09$/bbl
- WTI JUN 23 up 0% at 77.39$/bbl
- WTI-Brent down -0.03$/bbl at -3.7$/bbl
Source: MNI / EIA
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.
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