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WTI crude finished the week of Nov. 12 at $80.79, within a range of $78.25 to $85.41 seen since late October.
US refinery throughput reached 15.4 million barrels per day, well above the prior year, and refiners are increasing output. Analysts highlighted US dollar strength and crack spreads as key drivers.
Strong refinery runs and firm crack spreads support product output and biofuel feedstock demand, while dollar strength tends to cap crude rallies and can weigh on dollar-priced commodities.
fuelsmarketnews.comKeith ReidNov 16, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
