Crude oil prices had one of their most volatile weeks of the year, dropping from nearly $87/bbl to $80.50/bbl before recovering about half of the slide. Financial companies are still supporting crude oil despite the highest U.S. April inventories in a generation.rnDiesel was the strong product, and ULSD numbers are now some 5-8cts/gal above NYMEX futures quotes in most U.S. markets. The strength is driven in part by export demand. The silver lining for gasoline marketers is that better refining margins for distillate could drive higher crude runs.
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