NEW YORK (Reuters) – PIMCO, one of many world’s largest fixed-income managers, on Monday named Erin Browne, beforehand of UBS Asset Management and Steve Cohen’s Level72 Asset Management, as managing director and portfolio manager targeted on asset allocation. Browne, who most just lately helped drive macro analysis at UBS and created a framework for allocation […]
SOURCE: Commodities – Read whole story here.
Approximately 4.5 million barrels of oil have been launched from the Strategic Petroleum Reserve (SPR) in response to Hurricane Harvey’s impact on nationwide gasoline availability. Three million barrels of the reserves will attain Marathon Petroleum Corp and one other 500,000 bpd will attain Valero Energy Corp. from the reserves on the Bayou Choctaw website, based […]