Energies up for the first time in four days
Gasoline and Heating Oil are both up this morning but not as much as crude as the cracks will likely continue to get weaker from here. What’s also weighing in heavily on the market is supplies. An Energy Department report may show U.S. crude supplies fell 1.5 million barrels for a seventh week in the seven days ended July 15. Gasoline inventories probably slid 100,000 barrels from 211.7 million.
Tags: crude oil, gas price, gas prices, gasoline, oil inventories