MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

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

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

WTI Closing Out The Week Up 6%

COMMODITIES
  • Crude oil prices are up strongly again today on further supply fears, this time from Shell deferring expansion work worth 150kbpd at the Bonga oilfield by another two years, plus a boost from far stronger than expected US payrolls.
    • This sees WTI up more than 6% for the week and >22% ytd.
  • WTI is up +2.1% at $92.18, having cleared another two resistance levels, the highest being $92.85 (2.5 proj of the Dec 2-9-20), before it dropped back to sit above $91.58, the 2.382 proj of the Dec 2-9-20 price swing.
  • Brent is +2.3% at $93.25, currently hovering around the 2.382 proj of the Dec -2-9-20 of $93.24.
  • Away from oil, the White House said it is continuing to look at options to lower gas prices for the American people. HH natural gas prices have softened this week but remain up 21% ytd.
  • Gold meanwhile is again little changed, +0.1% at $1807.2, remaining comfortably between resistance of $1822.2 (Jan 27 high) and support of $1780.4 (Jan 28 low).
Energy BulletsCommodities
Energy BulletsCommodities

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.