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Softer US data eases Fed hike bets; China’s July growth misses across the board, with weak retail and property weighing.
Fed Unlikely to Hike Rates, AI Buildout Props Up the US, SpaceX
US CPI in line, easing rate expectations steepen the curve, while gold rallies and AI investment continues to drive growth.
LATEST REPORTS
Brent remains elevated on Hormuz uncertainty
Brent remains elevated around $88-89/bbl on Hormuz uncertainty; Brent futures speculators aggressively rebuild length; Hormuz shipping slows
Margins climb in Asia, US, and Europe; Asian, US margins down m/m
European Margins saw overall support this week, headlined by support in the M1 GO Crack....
11 page report
Brent bulls, WTI bears
Money managers rebuilt Brent length but increased shorts in WTI. Short-covering in Gasoil
13 page report
Brent Climbs As Drones Hit Sheskharis Terminal
Russian exports disrupted, Turkey cuts Black Sea purchases, while India’s Russian crude reliance hits a record despite tariff risks.