US refineries are expected to boost their crude oil runs by 1.5 million barrels per day to 16.1 million barrels daily by June to meet summer driving demand, Evans said. Refinery demand for crude is weaker right now then it will be in a couple of months.
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Oil Prices Below $57 Awaiting Rising Stocks
Oil prices dipped below $57 Monday amid expectations for rising crude stocks
Oil prices dipped below $57 Monday amid expectations for rising crude stocks.
Light, sweet crude for April delivery fell 52 cents to settle at $56.59 a barrel on the New York Mercantile Exchange.
The April contract came under pressure ahead of its Tuesday expiration date, analysts said.
US refineries are expected to boost their crude oil runs by 1.5 million barrels per day to 16.1 million barrels daily by June to meet summer driving demand, Evans said. Refinery demand for crude is weaker right now then it will be in a couple of months.
US refineries are expected to boost their crude oil runs by 1.5 million barrels per day to 16.1 million barrels daily by June to meet summer driving demand, Evans said. Refinery demand for crude is weaker right now then it will be in a couple of months.
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