MNI BRIEF: BOJ May Real Export Index Drops 1.4% M/M

MNI BRIEF: PBOC, MOF To Promote Treasury Trades Progressively

MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1159 Weds; -1.39% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1159 WEDS VS 7.1148

Volatile LFS Unemployment Rate Below Consensus In May

7-2 vote increasingly likely; more clarity only likely post-election

Services CPI sees broad-based stickiness; FAT and NEIG softer than exp

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

WTI Climbs to New Intraday High

OIL
Energy BulletsHomepagemarkets-real-timeBulletCommodities

WTI has climbed to a new intraday high, tracking a trend throughout the week where added support comes during US hours. This takes WTI to its highest since May 10.

  • Hopes of firmer demand are likely to be supportive, with China’s industrial output up 6.7% year-on-year in April, possibly hinting at stronger oil appetite to come.
  • A lower-than-expected US CPI figure for April is also supportive for Fed rate cuts this year, also bullish for demand.
  • WTI JUN 24 up 0.9% at 79.95$/bbl
  • WTI JUN 24-JUL 24 down 0.04$/bbl at 0.45$/bbl
91 words

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.

WTI has climbed to a new intraday high, tracking a trend throughout the week where added support comes during US hours. This takes WTI to its highest since May 10.

  • Hopes of firmer demand are likely to be supportive, with China’s industrial output up 6.7% year-on-year in April, possibly hinting at stronger oil appetite to come.
  • A lower-than-expected US CPI figure for April is also supportive for Fed rate cuts this year, also bullish for demand.
  • WTI JUN 24 up 0.9% at 79.95$/bbl
  • WTI JUN 24-JUL 24 down 0.04$/bbl at 0.45$/bbl