- Fuel oil Med-north at 7-month high on local demand, exports to Saudi Arabia
- US asphalt demand grows as federal funding increases
- China's SHFE likely to launch tax-free 380 CST fuel oil contract in June
Cushing declines supportive for NYMEX crude backwardationConsistent draws in stocks at Cushing, Oklahoma over the last three months have led to a steepening backwardation in NYMEX crude, even as the broader rally across the oil complex has stalled.
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