Oil prices are increasing, driven by robust refinery margins and strong consumer demand for gasoline and diesel. Higher margins indicate profitability for refineries, leading to increased crude oil processing and demand.
Strong refinery margins often signal high demand for gasoline and diesel, as refineries can process crude oil into these products profitably. This can lead to increased demand for crude oil itself, pushing prices higher.
Strong refinery margins often signal high demand for gasoline and diesel, as refineries can process crude oil into these products profitably. This can lead to increased demand for crude oil itself, pushing prices higher.
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