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Monetary policy is not on a preset course. Were watching this closely and stand ready to adjust our policy if it appears that inflation undershoot will be resistant and President Trump arrives in france for a bastille day visit as controversy ramps up back home. Good morning we have another very busy show for you. Lets get straight to the ia report Oil Investors are going through a period of waning confidence according to the latest report the organization suggests that growing impatience over the rebalancing of the oil market is to blame for money manager slashing long positions in crude futures. And they said global gland growth rebound ed and want to wait longer if the rebalancing process has the gun. Neal, always a pleasure speaking with you about this report so when does the rebalancing finally happen well, its on the way as we say in the report, at the moment were slightly at the mercy of statistics. Waiting for the statistics to catch up with what we think is going on out there

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