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Stock impact report

What Do Diesel And Gasoline Tell Us About Oil Prices? [Seeking Alpha]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Seeking Alpha
3.85K Follower s Follow Summary Weak oil demand has limited refinery intake of crude oil for processing into refined products. While the direction of oil prices is uncertain, weak oil demand has limited refinery intake of crude oil for processing into refined products. The demand outlook for petroleum products remains challenging amidst a general weakness in the global economy. LeoPatrizi By Paul Wightman At a Glance Weak oil demand has limited refinery intake of crude oil for processing into refined products While oil prices have fallen sharply since July, they have been outpaced by declines in diesel prices Weakening global demand in crude oil has helped send oil prices well below the May 2022 peak of around $120 per barrel. By mid-November 2024, the front-month price of CME WTI crude oil futures was trading around $71 per barrel, which is around 10% below the level seen at the beginning of the summer 2024 season. The overall weakness in oil prices brings into Show less Read more
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