Inflation day

Oil
June 10, 2021

ICE Brent price declined to 71 $/b after a rather mixed EIA report showing crude draws combined with large product builds, as US refineries ramped up their utilization rate to 91% and product imports were at record high values. US inflation numbers could shape the crude market dynamics for this week.

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Inflation day

You might also read :

US bond yields keep on rising. Second impeachment against Donald Trump

Extreme price volatility

EUA retreated on profit taking after finally reaching the 50€/t psychological level

Simplifying energy markets