Free Trial
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
Brent hovering around 110$/bbl after falling from 116$/bbl overnight.
- Next technical support for Brent is at the May 20 low of 108.28$/bbl
- Brent spreads have pulled back in line with the flat price futures with a bigger move seen in the longer dated time spreads.
- The WTI-Brent spread continues to widen with concerns for the US economy driving WTI down quicker than Brent.
- Brent AUG 22 down -3.8% at 110.29$/bbl
- WTI AUG 22 down -4.4% at 104.66$/bbl
- WTI-Brent down -0.52$/bbl at -5.63$/bbl
- Brent AUG 22-SEP 22 down -0.07$/bbl at 2.81$/bbl
- Brent DEC 22-DEC 23 down -1.7$/bbl at 10.98$/bbl
Source: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok