Refinery closes keeps the pressure on the price
The crude oil futures are settling at $46.44/BBL. That is down -$0.13 or -0.28%.
The low reached $45.76.
The high reached $46.96.
The price remains pressured by refineries being closed. That backs up the oil supply. More supply leads to lower prices.
Later today, the private oil inventory data will be released. There are no estimates.
Tomorrow the DOE will release their inventory data. Below are the estimates:
- Crude oil -1750K vs -3327K last week
- Gasoline -1000K vs -1223K last week
- Distillates 307K vs 28K last week
