10 Jun 2021
International benchmarks for crude oil edged lower on Wednesday, 9 June 2021 after a report from the EIA showed a drop in the US crude inventories.
In the meantime, the price pressure has eased substantially signaling that the government’s efforts to cool down the commodity market is working.
Crude inventories in the US fell 5.2 million barrels in the week ending 4 June 2021 to 474 million barrels, marking the third consecutive weekly drop.
The 2109 for September 2021 delivery contract night trading on Dalian Commodity Exchange on 10 June 2021 settled as follows:
The 2109 for September 2021 delivery contract on Dalian Commodity Exchange on 10 June 2021 settled as follows:
09 Jun 2021
It is important to note that Sabic would only be taking over the production output portions from each plant that originally assigned to Aramco.
International benchmarks for crude oil rebounded on Tuesday, 8 June 2021 on renewed market confidence.
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