Snapshot: Brent Crude is trading down 1.30% at $76.89, pressured by a significant draw in US crude inventories to 418,222 k bbl as of June 12th. Today’s focus shifts to US Flash PMI data at 09:45 ET, which will provide insight into manufacturing and services sector health.
- US Crude Stocks (excl SPR): -8,263 k bbl w/w (as of 2026-06-12)
- Risk into NY: US Flash Manufacturing & Services PMI at 09:45 ET
Bias into NY: The sharp inventory draw provides a floor, but sentiment remains cautious ahead of US PMI data. A weaker-than-expected PMI print could further pressure Brent towards the $76.00 handle.