Oil prices were mixed on Thursday, as U.S. crude inventory reduced and as OPEC and Russia look poised to increase output. Front-month U.S. West Texas Intermediate crude futures rose 0.57 percent at $67.00 a barrel. Front-month Brent crude futures slipped 0.86 percent to $75.90 a barrel. The spread between the two benchmarks stood at $8.90 a barrel. (The update will suspend publishing during June 16-18. The issue on June 19 will introduce the market in the previous trading session.)

Disclaimer: This research report is prepared by the Industrial and Commercial Bank of China Limited ("ICBC") based on public information. Facts and views expressed in the report do not reflect the official opinion of ICBC. ICBC makes every effort to use reliable information, but makes no representation that the information is accurate or complete. ICBC bears no responsibility or liability for any direct or indirect loss arising out of (or claimed to be arising out of) using or reliance upon such information. ICBC owns the copyright of this report. This report may not be reproduced, copied, published, distributed or quoted in any way without the express written consent of ICBC. ICBC reserves the right to investigate and prosecute violations of copyright infringement to the fullest extent of the law.