Oil prices hit hard by decline in refineries – OilPrice.com
Oil prices fell on Wednesday after the EIA report, despite a favorable crude inventory report that showed oil inventories in the United States had fallen by nearly ten million barrels.
The culprit of the downward movement in prices? Decrease in refinery throughput for the week. In other words, the threat of the refinery maintenance season.
Inventory levels are still above the five-year…
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