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US crude in SPR falls to lowest since 1983, EIA says

U.S. energy firms pulled 5.5 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) in the week ended June 26, reducing the total amount of oil in the SPR to 325.7 million barrels, the lowest since May 1983, the U.S. Energy Information Administration said in its weekly Petroleum St…

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Futures
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BlueCrest loses £200 million battle against UK tax authority

By Kirstin Ridley and Nell MackenzieBillionaire Michael Platt's BlueCrest Capital Management on Wednesday lost a near £200 million ($265 million), drawn-out battle against Britain's tax authority, ending one of the most significant tax disputes in Britain's asset management industry.The UK Supreme…

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StocksGB
reuters

US construction spending inches up in May, but homebuilding weak

U.S. construction spending edged up in May as higher mortgage rates because of the Middle East conflict constrained homebuilding.The Commerce Department's Census Bureau said on Wednesday that construction spending rose 0.1% after a downwardly revised 0.3% increase in April. Economists polled by Reu…

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Economy
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Fed's Warsh hopes policy can be geared to realtime data within a year

By Howard SchneiderU.S. Federal Reserve Chairman Kevin Warsh set an ambitious timeline on Wednesday for the Fed to begin relying on new technology that delivers real-time data about the economy and be less tied to backward-looking government surveys."My aspiration is that 9 to 12 months from now we…

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Economy
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Crude and gasoline stocks fall, distillate inventories rise, EIA says  

Crude inventories fell by 3.8 million barrels to 408.4 million barrels last week, the EIA said, compared with analysts' expectations in a Reuters poll for a 4.5 million-barrel draw.Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) rose by 709,000 barrels in the week ended June 26, th…

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Futures
reuters

General Mills Inc reports results for the quarter ended May 31 - Earnings Summary

FORECAST CHANGESRECOMMENDATIONSThis summary was machine generated from LSEG data July 1 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact Refiniti…

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StocksUS
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Brazil to raise 2026 inflation forecast, official says

Brazil's government is set to revise up its inflation forecast for this year in projections due later this month, from the 4.5% estimate published in May, the Finance Ministry's economic policy secretary said on Wednesday.Speaking in an interview with local outlet Jota, Debora Freire said the gover…

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Economy
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Poland's gas storage tops early July target at over 70% full, operator says

Poland's gas storage facilities are over 70% full, exceeding the 60% national target for early July and topping 64% a year ago, the operator Gas Storage Poland said on Wednesday.Poland had 2.3 billion cubic meters of gas stored on July 1, the company said in a statement. That would place the countr…

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Economy

Chip stocks retreat after run as investors rotate 

CHIP STOCKS RETREAT AFTER RUN AS INVESTORS ROTATEWall Street's main indexes are mixed with just modest changes in early trade on Wednesday as fresh U.S.-Iran tensions cast doubt on peace in the Middle East, marking a cautious start to the second half of 2026.Tehran said it would not meet with top U…

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index
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Peru's consumer prices tick up more than expected in June

Peru's monthly consumer prices rose 0.23% in June, according to data published Wednesday by the national statistics agency INEI. That was above the 0.1% median forecast in a Reuters poll and followed a 0.16% decline in May.INEI said the monthly increase was driven mainly by food and non-alcoholic b…

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Economy