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 :

Downward revisions in expectations of monetary tightening

Global gas prices correct downwards

EUAs climbed further up amid support from the tight gas market

Simplifying energy markets