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Oil rises slightly; focus on China demand and U.S. outlook - RollingNotes' News

Commodities

Oil rises slightly; focus on China demand and U.S. outlook

Demand for products has lifted the oil market and refining margins. The 3-2-1 crack spread, a proxy for refining margins, rose to $42.18 per barrel on Monday, the highest since October.

Jan 24, 2023 - 09:50

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Oil rises slightly; focus on China demand and U.S. outlook

Demand for products has lifted the oil market and refining margins. The 3-2-1 crack spread, a proxy for refining margins, rose to $42.18 per barrel on Monday, the highest since October.