Oil futures moved higher early Wednesday, with concerns about tight supplies continuing to provide support, analysts said.
Price action Market drivers Crude was headed for a fourth day of gains, with support tied to strong underlying demand. The movement was driven by China’s moves to ease COVID restrictions, continued worries about tight supplies and a constrained outlook for production increases, analysts said, though fears of recession as the Federal Reserve and other major central banks tighten monetary policy aggressively in an effort to rein in inflation.
Oil will always be here.
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California State Senator pushes for new bill requiring oil refineries to disclose profitsThe bill would require oil refiners to disclose profit margins monthly. If he had any common sense he would push for a Bill that would allow a NEW refinery to be built. Insane environmentalist’s haven’t allowed a new refinery to built in California for over 40 years…one reason our gas is so expensive🤮👎🏽 So what’s that gonna do? NOTHING
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