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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: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
MNI: Japan Govt Keeps Economic Assessment, Ups Imports
Oil has extended declines from Tuesday in.......>
OIL: Oil has extended declines from Tuesday in Asia-Pac trade, WTI last down
$0.60 at $55.10 having dropped around $1.50 from high's during European trade on
Tuesday. Oil hit lows of $54.81 early in the Asia session but recovered to
current levels and has moved in a narrow range.
- The initial leg lower in oil came after the IEA reported slowing demand growth
due to milder weather and higher prices. This is contrary to the OPEC report on
Monday which predicted a strong rise in global demand. OPEC members will meet on
November 30 to discuss the output cut.
- Oil took another dip after a surprise 6.51mln bbl rise in API crude inventory
data. DoE inventory data during the session on Wednesday looks for a rise of
3.2mln bbls, if the build was in line with API data it would denote the biggest
build in 9 months.
To read the full story
Sign up now for free trial access to this content.
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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.