OIL FUTURES: Crude retreats amid demand concerns, stronger dollar following hot US inflation report

摘要

1. US May CPI unexpectedly climbs, 2. US dollar jumps on expected Fed rate hikes, 3. China lockdowns weigh on demand outlooks. Crude futures settled lower June 10 as a higher-than-expected US inflation report pointed to continued hawkish central bank policy, dimming demand outlooks and sending the US dollar sharply higher.