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OIL FUTURES: Crude rises on Libya crisis, but products slip on demand concerns

June 13, 2022 Comments Off

Crude oil futures edged higher June 13 amid global supply concerns, but near-term demand concerns pushed refined products prices lower on the day. NYMEX July WTI settled up 26 cents at $120.93/b and ICE August Brent climbed 26 cents to $122.27/b. Crude futures, which had been trading sharply lower overnight, turned positive in midday New York trading following media reports…