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 :

Macro & Oil Report: Faced with political uncertainty, the markets are relying on hopes of a rate cut

EUAs fell near 50€/t on profit taking

Interest rates surge after US jobs report

Simplifying energy markets