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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 Pulls Back On Rate Hikes, USD
Crude prices have been declining with a stronger US dollar, concerns over bearish impact from interest rate hikes in the US this year and an expected small build in US oil inventories.
- Concerns for the US economy are weighing on crude prices following remarks from Fed Chair Jerome Powell yesterday saying two more interest rate hikes of 25 basis points each by the end of a year was very probable.
- Crude inventories are expected to remain almost unchanged from last week with a small build of just 0.017mbbls for the week ending 16 June according to a Bloomberg survey.
- Brent AUG 23 down -2.5% at 75.21$/bbl
- WTI AUG 23 down -2.6% at 70.63$/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.