Free Trial

WTI & Brent trade around $0.50 below............>

OIL
OIL: WTI & Brent trade around $0.50 below settlement levels in the wake of
reports pointing to a large headline crude inventory build in the latest round
of weekly API inventory estimates. The report also alluded to drawdowns in
gasoline and distillate stocks, as well as in stocks at the Cushing hub.
- The major oil benchmarks settled around unchanged levels on Tuesday, tracking
broader risk appetite throughout the day.
- Libya's Sharara oil field has seen minimal production come back online over
the last 24 hours.
- Focus moves to the latest weekly DoE inventory data.
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.