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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 AccessWTI Unable to Sustain Gains Above $68
- Both WTI and Brent crude futures were better bid Tuesday, with markets focusing on drifting odds of any nuclear deal being struck with Iran.
- Late Monday, IAEA inspectors circulated a number of written reports suggesting Iran were far less willing to address their nuclear programme than initially believed - thereby dropping the likelihood of a near term supply deal with Tehran.
- This helped boost WTI to trade at $68.87/bbl, but markets were unable to sustain the rally, with prices edging lower into the close and briefly back below $67.50/bbl.
- OPEC headlines drove markets lower, with the monthly meeting committing to higher output in July, but stopped short of any pre-commitments beyond that.
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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.