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NYMEX crude oil and refined product futures were trading near their morning highs at midday Tuesday. Part of the upside was likely due to NYMEX futures making up some lost ground to Brent crude.
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Analysts at Goldman Sachs raised their global oil demand forecast and said peak petroleum demand is at least a decade away in a report released Sunday. The analysis isn t as bullish as the path.
Morgan Stanley told clients Thursday that the weakness in refining margins is temporary and predicted widening margins in coming months. The bank said that May crude processing levels have been.