PSX Nov 2024 160.000 call
| Previous Close | 9.10 |
| Open | 8.90 |
| Bid | 7.20 |
| Ask | 7.60 |
| Strike | 160.00 |
| Expire Date | 2024-11-15 |
| Day's Range | 8.90 - 9.10 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 66 |
ReutersTraders scramble for US storage as distillates demand disappoints
Traders are rushing to fill up storage tanks along the U.S. East Coast with distillate fuels, like diesel and heating oil, data from storage broker The Tank Tiger showed on Monday, a sign of deepening oversupply that is weighing on refiners' profits. Largely warmer-than-expected winter weather in U.S. Northeast and Europe has cut distillates demand and hit refiners' margins across the globe in recent months, a factor that drove softer first-quarter earnings by oil majors and top independent refiners. Struggling to find outlets for their excess distillates, traders are scrambling to park it in storage tanks in New York Harbor, The Tank Tiger Chief Operating Officer Steven Barsamian said.
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