Oil prices slightly down

Oil
June 4, 2021

Brent 1^st-nearby prices edged down yesterday, but they remain elevated, above $71/b. WTI prices are slightly below $69/b. Prices were dragged down by a strong dollar and the further sharp decline in US crude inventories was accompanied by a surge in product stocks. But in parallel, Saudi Arabia increased prices for its Asian consumers more than expected, a bullish signal for the market.

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Oil prices slightly down

You might also read :

Optimism returns to the markets but rates continue to rise

Sharply higher home prices in the US. Consumer confidence is waning

Short-lived price spike in European energy markets

Simplifying energy markets