MNI BRIEF: Goolsbee Sees No `Last Mile' Inflation Problem

GOOLSBEE DOESN'T SEE EVIDENCE INFLATION IS STALLING OUT AT 3%

MNI BRIEF: US CRE, Consumer Loan Delinquencies Rising -Fed

MNI BRIEF: Brazil IPCA Inflation Decelerates to 3.69% in April

MNI BRIEF: CNB Concern At Upside Risk, April Minutes Show

MNI China Daily Summary: Friday, May 10

MNI: US APR TREASURY BUDGET 209.5B

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.86B BSL

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Iraqi Supply Fears and Softening US Inflation Stoke Oil and Product Cracks

OIL

Crude is finding further strength on worsening supply disruption out of Iraqi Kurdistan and with fears about the economy easing in the US after lower than expected inflation figures.

  • If today’s gains hold it will be the biggest weekly gain this year, reversing the downfall from recent banking worries.
  • Weaker inflation figures suggest the Federal Reserve may be close to ending its most aggressive cycle of interest-rate hikes in decades. The numbers have also helped support US product cracks.
  • Brent MAY 23 up 0.5% at 79.69$/bbl
  • WTI MAY 23 up 1.1% at 75.2$/bbl
  • US gasoline crack up 0.8$/bbl at 36.74$/bbl
  • US ULSD crack down -0.4$/bbl at 33.38$/bbl
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.