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 :

Inflationary pressures are building. Monetary tightening approaches

EUA traded sideways, torn between weaker gas and stronger equities

EUAs climbed further up amid support from the tight gas market

Simplifying energy markets