MARKET WATCH: NYMEX crude gains before Thanksgiving

Light, sweet crude oil futures gained slightly on Nov. 21 on the New York market in advance of the US Thanksgiving holiday and a Nov. 30 meeting of the Organization of Petroleum Exporting Countries. Source: News


API: US product demand highest for October since 2007

Total US petroleum product deliveries averaging 19.9 million b/d reached their highest October monthly average since 2007, the American Petroleum Institute said in its latest monthly statistical report. Demand last month, which API expresses as products supplied, was 1.1% higher than October 2016’s average of nearly 19.7 million, with jet kerosene, motor gasoline, and residual […]