This post was originally published on this site.Markets priced roughly a two-in-three chance of an October hike and a much higher chance for December as the speeches landed. Williams’s “no urgency” message nudged the US dollar index modestly lower, though the currency stayed firm on the day. Rising hike bets and oil-driven inflation fears have pushed US bond yields to multi-year highs, and Barr’s reference to high energy prices keeps crude at the centre of the inflation debate. Any oil rally would strengthen the hawks’ case, while a pullback would give the more patient officials more room to wait. —Fed...

This post was originally published on this site.Via oilprice.com  The expected for the headline I had seen was a draw of 1.14mn mn bbls. expected distillates zero expected gasoline -0.5mn bbl — Separatly via Bloomberg, US offers up to 40 million barrels of crude oil from the Strategic Petroleum Reserve, with bids due October 6 (the final tranche left from the original announcement back in March of ~172 million barrels). This article was written by Eamonn Sheridan at investinglive.com.