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Slowing Products Outlook Pushes Crude Prices Lower

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Oil futures snapped a four-day upswing on Wednesday due to a sluggish outlook for gasoline and diesel, which appear to finally be cooling off after triggering record-high refining cracks earlier in the month.

Topics:
Oil Futures and Derivatives, Oil Prices, Crude Oil, Oil Inventories, Oil Products, Gasoline, Diesel/Gasoil
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Oil prices retreated on Friday but still eked out a $3 gain for the week.
Fri, Aug 12, 2022
Brent prices have rebounded from last week's lows and stand poised to recover their losses after a bout of directionless trading.
Thu, Aug 11, 2022