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Kansas City Federal Reserve President George joins the 'bleeding obvious camp' mulling she is "mindful that rate cuts could increase financial instability which Fed has limited ability to counteract."

The global anti-money laundering watchdog Financial Action Task Force (FATF) has given Iran a final deadline of February 2020 to comply with stricter money laundering financial standards.

EIA reported for the fifth week in a row that crude oil inventories grew, +9281k bbls with Gasoline and Distillate draws last week. Cushing grew +1276k bbls. US production stayed at the record high with 12.60 mbpd.

Natural gas futures ran up ahead of the EIA report of a higher than expected build of +104 Bcf in natural gas storage last week. Ahead we focus on LNG and Mexican exports and the winter outlook for the US.

Railway giant CSX Corp delivered better than expected Q3 earnings, though earnings fell 4% as weakness in coal and intermodal dragged revenues lower. $CSX train velocity improved 13% to record levels while car dwell remained relatively stable near record levels.

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