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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.
OIL PRODUCTS
Pump prices in the US are approaching the highest seasonal level in data back to 2008 with regular gasoline now at an average of $3.854/gal according to AAA. The impact of rising gasoline prices on inflation are a concern for the US and a potential extension to the Fed rate tightening cycle.
- Gasoline markets have been boosted by low inventories and hot weather disruption to refinery operations during a summer driving season which has seen below normal demand in the last couple of months.
- Markets will begin to transition to winter-grade fuels in a few weeks that are typically cheaper to make although the Atlantic hurricane season could add near term upside risks.
Source: Bloomberg
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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