Refinery

Business

Oil Holds Drop as Demand Weakness Spurs Talk of Refinery Cuts

Article content material (Bloomberg) — Oil held a steep decline as demand weak point spurred hypothesis that refineries would minimize throughput, denting demand for crude. Article content material West Texas Intermediate traded close to $77 a barrel after slumping 2.2% on Tuesday, monitoring declines in wider monetary markets as fears of a US banking disaster resurfaced. A deterioration in oil-refining…