Crude Oil Jul 23 (CLN23.NYM)
| Pre. Settlement | N/A |
| Settlement Date | 2023-06-20 |
| Open | 73.67 |
| Bid | 73.05 |
| Last Price | 73.29 |
| Day's Range | 72.92 - 74.40 |
| Volume | |
| Ask | 73.07 |
- Reuters
California moves to set statewide gasoline refining margin
California took a step closer to regulating how much profit the state's oil refiners can earn on selling gasoline after a state senate committee last week approved a proposal oil companies rejected as likely to raise costs. The state's Democratic Governor Gavin Newsom proposed to empower the California Energy Commission to set a state gross gasoline refining profit margin, and to levy penalties for exceeding it. The proposal, which would require approval by both houses of state's legislature, has a slim chance of approval after several Democratic lawmakers worried about the unintended consequences of California trying to impose a profit cap, analysts said.
- Bloomberg
Oil Rally Falters As Weak Fuel Demand Offsets Strong Crude Draws
(Bloomberg) -- Oil’s rally stalled in its third day as lagging fuel demand offset data showing a sharp decline in US crude inventories. Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureNew Yorkers Are Moving to These Three Florida CitiesFBI Releases Files on Ivana Trump$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot MarketUBS Veteran Ermotti Returns to Lead Credit Suisse TakeoverWest Texas Intermediate flip-flopped after rising to a two-week high amid slumping
- Business Insider
The US oil and gas sector is stagnating as production slows amid low energy prices
"The near-zero reading indicates activity was largely unchanged from the prior quarter, a break from the more than two-year stretch of rising activity."
