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 :

Large crude builds in the US spark concerns over the crude market imbalance

The price of Brent crude oil has stabilised at around $105/b

Downward correction in Europe

Simplifying energy markets