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 :

Crude oil prices rebound sharply after sanctions against Russia are stepped up

Oil price fall on growth concerns and Hungarian veto

Power prices posted massive gains on soaring gas prices

Simplifying energy markets