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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.
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Free AccessMNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors
MNI POLITICAL RISK - Thune Eyes 'Deficit-Negative' Legislation
Bullish Stockpile Data Helps Crude Futures Gain
Oil has made gains in the Asia-Pac session on Wednesday, WTI is $0.80 higher from settlement levels at $66.50/bbl while Brent is $0.85 higher at $69.73. Data after market from API yesterday showed US stockpiles fell 7.69m bbls, if this was followed up with a decline of the same magnitude at DoE stockpile data later today it would denote the biggest drop since January. Also aiding upside in oil is encouraging demand signals from the US where the vaccination drive is gathering steam amid a new target to vaccinate 70% of US adults with one dosage by July 4, while the UK is track to end lockdown measures in 7 weeks. The situation in India though has not shown signs of peaking and is tempering upside in oil.
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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.