US Cash Crude-Grades largely down on weakened refinery demand

Reuters
2024.06.20 20:33
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Physical U.S. crude grades fell due to lower refinery utilization. HF Sinclair's refinery in Kansas is running at lower rates due to repairs, weighing on crude demand. U.S. crude inventories fell as exports rose, but refinery crude runs and utilization rates decreased. U.S. crude imports of Canadian crude reached a six-month high. Various crude grades experienced price changes. ICE Brent futures rose, while WTI July crude futures also increased. The Brent/WTI spread narrowed.