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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: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Gasoline Cracks Higher Before EIA Data
Gasoline crack spreads ticking higher ahead of the EIA inventory data release this afternoon and despite the falling crude prices.
- Expectation is for further draws in both US gasoline and distillate stocks adding to already low levels.
- EIA gasoline demand has fallen in recent weeks but figures from OPIS and Gas Buddy as well as US oil refiner comments in recent weeks suggest gasoline demand destruction is not as bad as EIA data indicates.
- Brent OCT 22 down -1.5% at 94.9$/bbl
- WTI SEP 22 down -1.5% at 89.14$/bbl
- Gasoil AUG 22 down -2.1% at 976.5$/mt
- US gasoline crack up 0.9$/bbl at 34.97$/bbl
- US ULSD crack down -1.2$/bbl at 48.18$/bbl
- Gasoline-Brent up 0.3$/bbl at 17.26$/bbl
- Gasoil-Brent down -0.9$/bbl at 33.69$/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.