Morning Oil Report 06/01/22

At 10:16 am Singapore time (0216 GMT), the ICE March Brent futures contract was down 87 cents/b (1.08%) from the previous close at $79.93/b, snapping three days of gains that took it momentarily above the key $80/b handle.   US DoE Crude Oil Inventories (W/W) 31-Dec: -2144K (est -3650K; prev -3576K) – Distillate: +4418K (est …

Daily DCE Review 6/1/22

Iron ore futures maintained bullish run over market optimism for restocking demand and better steel margins from higher steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then hiked up by 4.14% day-on-day or up RMB 28.50 to RMB 717/mt, during the day trading session on Thursday. The rebar futures also went …