BRIEF: EC Approves Italy's 5th NGEU Payment Request For EUR11 billion

MNI BRIEF: ECB's Eye On French Markets, Price Stability Key

MNI BRIEF: Lower Inflation Path Remains Bumpy - Lagarde

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI China Daily Summary: Tuesday, July 2

MNI BRIEF: China Aims For AI Standards By 2026

MNI: US BLS: JOLTS QUITS RATE 2.2% IN MAY

MNI: US BLS: JOLTS OPENINGS RATE 8.140M IN MAY

MNI: US REDBOOK: JUN STORE SALES +5.6% V YR AGO MO

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 Rises to New Intraday High

OIL

WTI has climbed to a new intraday high, supported by continued geopolitical tensions which would hit supply, positive economic date, and fears that Venezuelan barrels will see sanctions resume from April.

  • WTI MAR 24 up 1.7% at 78.08$/bbl
  • WTI MAR 24-APR 24 up 0.08$/bbl at 0.19$/bbl
  • US President Joe Biden has told reporters that he has, "decided how to respond," to a drone attack that killed US service members in Jordan on Sunday, but declined to elaborate, according to Reuters.
  • The IMF upgraded its forecast for 2024 growth by about 0.2 percentage points to 3.1%, reflecting upgrades for China, the USA, and developing economies.
  • The US government will not renew the sanctions relief on Venezuela unless there is progress on allowing all presidential candidates to compete in this year’s election. according to Matthew Miller, US State Department Spokesperson.
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.