US Fuel Exports Reach Record High Levels
US fuel exports have reached record high levels, providing a significant boost for oil companies. This surge in exports occurred despite a dip in production and a substantial drain from the Strategic Petroleum Reserve.
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US fuel exports hit record in boon for oil companies and threat to Trump
Hormuz closure prompts surge in buying from Asia and Europe
Read full article →WTI Holds Rebound Gains As US Fuel Exports Hit Record High, Production Dips, Huge SPR Drain
WTI Holds Rebound Gains As US Fuel Exports Hit Record High, Production Dips, Huge SPR Drain Oil prices are lower overnight (but dramatically off their lows) amid on-again, off-again optimism of an imminent US-Iran peace deal. Benchmark Brent fell as much as 12% to $96.75 a barrel in London, while West Texas Intermediate dropped up to 13%. European natural gas plunged as much as 14%. Oil and gas later pared about half of those losses after Trump said in a Truth Social post on Wed...
By Tyler Durden
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