US crude futures hit 4-1/2 month lows on Wednesday as the market fretted about a surge in gasoline stockpiles as the summer season, which is the country's biggest demand period for motor fuels, neared its end.
Ignoring a bigger-than-expected weekly drawdown in US crude stockpiles announced by the Energy Information Administration (EIA), traders and investors focused on lower refining margins likely to result from the higher inventories for gasoline and distillates that include diesel.
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Ignoring a bigger-than-expected weekly drawdown in US crude stockpiles announced by the Energy Information Administration (EIA), traders and investors focused on lower refining margins likely to result from the higher inventories for gasoline and distillates that include diesel.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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