Free Trial
CROSS ASSET

US Yields extend higher

US TSY FUTURES

BLOCK, More 2Y Selling

EQUITY TECHS

E-MINI S&P (M2): Trend Needle Still Points South

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 trade ~$0.60 higher apiece at writing, supported by a reported
~10.2mn bbl drawdown in the latest headline API crude inventory estimate, much
larger than the exp. -3.0mn bbl.
- As a reminder Tuesday saw the EIA revise its global oil demand outlook higher,
for both 2018 & 2019, with its 2019 U.S. output forecast also marked higher, all
the alterations were marginal. Oil had been subjected to swings based on broader
risk sentiment earlier Tuesday, with U.S.-China trade talks & worry re: a U.S.
government shutdown at the fore. - Focus moves to today's DoE inventory data,
with the median estimate looking for a headline drawdown of ~3.2mn bbls.
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.