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Oil prices came under pressure on June 25 from a stronger USD and a surprise build in US crude inventories, with ICE Brent settling about 1.2% lower. ExxonMobil may suspend operations at its Gravenchon refinery in France due to strikes, and Norway's Visund field outage reduced European gas supply.
A surprise inventory build and stronger dollar weigh on crude, while the European refinery strike and gas outage add mixed signals for energy costs.
think.ing.comWarren Patterson, Ewa MantheyJun 26, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
