US EIA implied crude oil demand for the week to June 26: 19.628 mln bpd, prior 20.259 mln bpd.

Bank of England Governor Bailey is scheduled to speak in Sintra this week and is expected to take a relatively relaxed tone. A global oil-price plunge has eased inflation pressures; institutional research projects inflation will peak near 3% and fall to about 2.3% next year, well below the BoE’s prior outlook, which could allow rates to be cut from 3.75% to 3.5% by June 2027. Markets will watch whether Bailey today effectively endorses that view and explicitly rules out further hikes.

加拿大央行行长麦克勒姆：主权债务市场对冲基金的崛起让人担忧回购市场的干扰可能引发快速的平仓。