The price of a barrel of Brent crude oil fell by almost $10 during the day yesterday
The price of Brent 1st-nearby fell from nearly $120/b to $110/b yesterday. It has risen a little with the events of the night (a missile…
Markets are hesitant. It is a case of the glass being half full or half empty. The manufacturing ISM, the main US leading indicator, was high and up in May, but details of the reports were worrying about inflation. The Fed’s Beige Book will be closely watched today. The euro area inflation rate also reached 2% for the first time since 2018. The EUR/USD exchange rate remained stable, just above 1.22.
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