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 :

Geopolitical risk is diminishing. Inflation is back in the spotlight

US crude supply revised down due to structural damage

Macro & Oil Report: Inflation, once again a key issue for 2025

Simplifying energy markets