Crude Oil Trade Slow in Asian Market

  • Crude oil futures slipped during midmorning trade in Asia June 10 on the back of a large build in US product inventories.
  • It is cast a shadow of doubt on the optimism surrounding summer driving demand in the region.
  • The ICE August Brent futures contract was down 65 cents/b (0.90%) from the previous settle at $71.57/b.\
  • While the NYMEX July light sweet crude contract was down 61 cents/b (0.87%) at $69.35/b.

A recent Platts news source by Reetika Porwal implies that crude oil futures dip on...

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