Tuesday, July 16, 2024
Home Stock Analysis Rising fuel inventories hit crack spreads, likely signaling a refining slowdown

Rising fuel inventories hit crack spreads, likely signaling a refining slowdown

by xyonent
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SlavkoSereda/iStock via Getty Images

Crude oil futures posted a solid weekly gain, fully recovering from the big losses that followed OPEC’s June 2 announcement of plans to gradually restore crude oil production to about 2.2 million barrels per day by the end of the year.

That weekConflicting demand forecasts

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