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Is this where oil is now?
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Monday 6th July 2026
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Brent crude is holding on in the low seventies, despite all the uncertainty around Iran. This isn’t where most commentators expected it would land according to NAB’s Ray Attrill. Phil asks what this means for inflation expectations and how much of this was factored into NAB;’s latest FX forecasts released on Friday. Meanwhile, a quiet session on Friday with the US on holiday, but the Rating Dog Services PMI showed a surprisingly strong result, and the US Services ISM out tonight. This week is also pretty quiet, with the RBNZ rate decision the main event. Central bankers will step up to fill the void, with quite a few speaking opportunities in the week ahead.
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