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 :

EUAs hit a fresh record high after reversing from a bearish morning

Prices up on higher coal prices

Prices down as the impact of the halt in Russian deliveries to Poland and Bulgaria started to fade

Simplifying energy markets