Reported about 8 hours ago
The price difference between WTI Midland crude and U.S. crude futures has decreased due to weak refinery and export demand along the Texas Gulf Coast. This narrowing comes after cold weather impacted Permian production, temporarily boosting prices. With a decline in refinery utilization and reduced U.S. crude exports—partly due to a new tariff from China—prices are expected to remain under pressure, although analysts predict a recovery as refinery maintenance concludes and production ramps up.
Source: YAHOO