The federal government showed a major drop in commercial crude oil inventories, but refined petroleum products show an increase.
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Federal data released Thursday show gasoline demand is charting new heights, as oil prices step back from a 6-year-high.
The post US Oil Demand Is Soaring, But Markets Are Focused On Tensions Inside OPEC+ appeared first on Zenger News.
Should U.S. oil prices run too hot, they will approach global prices and diminish incentives to export.
The post US Petroleum Data Show Healthy Demand, Making Oil Exports Less Lucrative appeared first on Zenger News.