KTVU KTVU FOX 2 News At 5pm July 13, 2024
Nearly full with no buyers insight. The otherworld benchmark bench crude is down by 62 since new years day and falling. Demand to so will refineries now working at only 69 of capacity a level not seen since the great recession. Oil refinery giants marathon closed three other refineries including the one in concorde across the county. Many producers keep pumping oil because shutting the wells down may seriously damage them. Or decrease their future production. U. S. Producers with their higher production costs will be the 1st to shut down. Causing big losses for their shareholders and bondholde...