Trial now
BUNDS

Supplies and EU prelim GDP in focus

GILT AUCTION PREVIEW

#2: 1.25% Oct-41 auction

SILVER TECHS

Rally Extends

GILT AUCTION PREVIEW

#1: 0.125% Jan-24 auction

UK DATA

UK Jobless Rate Lower Again in Mar

OIL
OIL: WTI trades ~$1.00 above settlement levels, with Brent $0.75 or so above
settlement at writing.
- The major crude benchmarks have drawn support from reports of a much larger
than expected drawdown in headline U.S. crude inventories in the latest round of
weekly API estimates. The reports also pointed to a larger than expected
drawdown in gasoline stocks, while distillate stocks witnessed a slightly
smaller than expected, and modest, rise in stock levels, and stocks at the
Cushing hub fell.
- The major crude metrics settled little changed, and marginally mixed on
Tuesday. Risk-off flows stemming from soft U.S. data/equities and worries
surrounding the upcoming G20 weighed, while U.S.-Iranian tensions continued to
simmer.
- DoE inventory data provides the highlight for participants on Wednesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com