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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 AccessCrude Markets Jump on CPI Report Before Retreating
Crude prices initially spiked on news from the US CPI report which showed that annual inflation was cooling before selling off the gains.
- Oil markets showed little reaction to this months OPEC report which was largely a rollover from the month prior.
- Crude was already facing weakness today after the US continued with its plans to release a further 26mn bbls from the SPR which will offset some loses in Russian production in the short term.
- Brent APR 23 down -1.2% at 85.6$/bbl
- WTI MAR 23 down -1.6% at 78.87$/bbl
To read the full story
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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.