Key Points
In Asia, meanwhile, gasoline markets are showing signs of weakness as profits from producing the fuel slump..
Diesel is also lagging, with some refiners considering cuts to processing as margins decline..
Despite this weeks pullback, crude is still up from a 15-month low reached in mid-March following turmoil in the banking sector..
A surprise announcement by OPEC+ on production cuts and curbed Iraqi flows have underpinned some of the gains, with expectations of a rebound in Chinese demand also supportive...
The concerns over slowing US growth eclipsed a broadly bullish report from the Energy Information Administration that showed crude stockpiles fell 4.58 million barrels last week..
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