Oil ticked below $99 momentarily overnight. NAB’s Skye Masters says reports of more traffic through the Strait have helped, along with a comment from the US president that he wlll ‘probably’ talk with Iranian President Masoud Pezeshkian at the UN Assembly this week/ But oil doesn’t want to stay below 100. Falling oil prices have helped bring down European bond yields. In a quiet session data wise there’s been much focus on comments from Chicago Fed chair Austan Goolsbee who suggested that growth might take a hit in the fight to control inflation. Expect Michelle Bullockto deliver similar messaging today in her fireside chat at the CEDA event at the Fullerton hotel in Sydney this lunchtime.
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