- Oil is down more than $1 and heading for a weekly loss
- Oil traded in a wide range this week as the market braced for a potential Iranian attack on Israel
- Weak economic data from China weighed on prices this week, countering strong data from the US
- Chinese independent refineries raise throughput
- Refiners in Shandong, also known as teapots, have boosted run rates to 50% of capacity, the highest level in four weeks
- State-owned refineries have kept throughput unchanged at 76.99% of capacity
- Oil demand in China is an ongoing concern for the market, as recent data showed consumption has weakened this year amid an economic slowdown in the Chinese economy
|
Looking for interest rate charts? We moved them here |