Scanning some of the info crossing on oil, prices feeling some pressure on:
- US / China strains increasing
- surprise headline build in crude oil inventory reported earlier(late US afternoon) … eyes on the US government's EIA data due Thursday morning (US time)
On the other hand:
- Russian President & Saudi Crown Prince discussed the market yesterday (ahead of the 9-10 June meeting of OPEC+), both called for close coordination, joint efforts
- Canada's Alberta producers have cut output by around 1m b/d (circa 25% of the province's total output) - the province energy minister says further cuts not needed
