Morgan Stanley is the latest Private Credit Fund to limit redemptions after a surge of clients asked for their money back. They join the ranks of Blue Owl, Black Rock, Black Stone, and Cliffwater who have all done the same in just the last 3 weeks. Meanwhile the US has announced they will be dumping 172 million barrels of crude oil from the Strategic Petroleum Reserve on the open market to relieve oil price pressure following the outbreak of war in the Middle East.

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