Oil prices slip but stay above $54 per barrelDespite OPEC pledge to maintain output, crude futures ease slightly as strong demand for diesel rekindles worries of distillate shortfall The Associated Press
Crude futures eased but remained above $54 per barrel June 2 despite a new pledge from OPEC to maintain current production levels, as strong demand for diesel rekindled worries of a distillate shortfall in the second half of the year.
Analysts said the focus on heating oil and diesel was unusually....
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Prices 25% higher than a year ago Close to max in refining capabilities
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