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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 EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
US Pump Prices Could Rise to Highest Since Summer 2022: AAA
Rising oil process due to supply concerns are likely to push US gasoline pump prices to the highest since summer 2022 to $4/gal, according to the AAA cited by Bloomberg. The current national average pump price is the highest since late October at $3.54/gal.
- An estimated 600kbpd of offline Russian refineries due to drone attacks has added to the price support from the transition to summer-grade gasoline and inventories falling to the lowest since December.
- Higher pump prices will likely force Americans to make lifestyle changes and be a focus ahead of November’s presidential election, said AAA spokesperson Devin Gladden.
- More incidents like the BP Whiting refinery outage “because of aging refinery infrastructure, that could certainly put a crimp on supply, particularly during the summer when we typically see higher demand level,” Gladden said.
- RBOB APR 24 down 0.6% at 2.73$/gal
- EU Gasoline-Brent down 0.3$/bbl at 23.34$/bbl
- US gasoline crack down 0.5$/bbl at 32$/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.