Crude oil inventories in the United States rose this week by 483,000 barrels for the week ending January 12, according to The American Petroleum Institute
A worsening copper market outlook has meant that fees earned by smelters have fallen sharply, posing a risk for the earnings of the copper smelting business
Weakness in manufacturing in China, the EU and the U.S. has been weighing on demand for distillates and will likely continue to weigh on global oil demand early in 2024.