Crude oil and distillate futures contracts have pulled back from small gains that followed the Wednesday morning release of the latest U.S. petroleum inventory report, though gasoline prices were.
Oil and refined product futures contracts on Friday have largely shed overnight gains that followed Israel s retaliatory strike on Iran, though crude and diesel prices are still mostly seeing gains.
Reimposing Sanctions on Venezuela Could Limit U.S. Access to Heavy Crude — OPIS Analysis morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
The Biden administration s decision to reimpose sanctions on Venezuelan oil exports is expected to reduce the country s crude output by nearly 11% by year s end, reducing shipments of heavy sour.
Crude oil and refined product futures were modestly higher at midday Wednesday after retreating on bearish U.S. inventory data. The Nymex May West Texas Intermediate crude contract was up by.