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Inflation day – EnergyScan

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 :

Managing expectations

Bond yields seem to be levelling off despite strong US job creation, the vote on the stimulus package and soaring oil prices

Prices extended gains

Simplifying energy markets