Crude marches on

Crude marches on

Private equity firm CD&R readies Morrisons counter-bid.

  • U.S. West Texas Intermediate and international benchmark Brent crude oil futures finished higher, led by the global benchmark which topped the $75 a barrel level, putting it in a position to challenge its July top at $76.
  • Private equity firm Clayton, Dubilier & Rice is poised to start a bidding war for the British supermarket chain Morrisons, the target of an $8.8 billion offer from a U.S. group.
  • China’s role as a key driver of the Australian dollar is being re-evaluated in global markets, helping send the currency to levels well below where traditional modelling suggests it should be.

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.