Oil rose to highest since March as fuel markets heat up - BNN


5/16/2022 12:00:00 AM2 years 11 months ago
by Bloomberg News

Oil fluctuated as a global squeeze on refined products continued to pull fuel prices higher while Chinese economic data provided bearish headwinds.

Oil rallied above US$114 as a global squeeze on refined products prompted concerns about summertime supplies and continued to pull fuel prices higher.  West Texas Intermediate rose 3.4 per cent to t… [+2091 chars]

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