Oil slipped on inflation concerns and Beijing's partial lockdown

International benchmarks for crude oil settled lower on Friday, 10 June 2022 after a report of consumer prices in the US accelerated more than expected in May, spurring concerns that the FED would be more aggressive in the monetary policy. Meanwhile, part of Beijing returned to lockdown following a flare-up in the new infection cases.

Brent settled at $122.01/barrel, down $1.06 from the previous day.

WTI loses 84 cents to close at $120.67/barrel.