Oil holds near lows as diesel cracks hit record
Oil prices held near two-week lows on improving Gulf supplies and rising inventories. Meanwhile, diesel refining margins hit record highs on potential US export restrictions.
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Brent Crude Oil rose $1.33 to $100.58 a barrel during Wednesday midday trade, holding near two-week lows as Gulf supplies improved. The benchmark remains under pressure from rising regional production despite diesel refining margins hitting a record high.
