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
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]
full article...