Inflation back in the spotlight
The sharp rise in US long-term interest rates naturally brings the issue of inflation and monetary policy tightening, starting with the Fed, to the forefront.…
ICE Brent prompt contract remained relatively stable at 73.2 $/b, US product markets were under pressure as the Biden administration considered biofuel blending mandates waivers for US refiners. European cracks remained supported, with spot diesel cracks still above 7 $/b at the prompt.
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