Futures Movers: Oil prices bounce after rise in U.S. crude supplies sparks selloff

June 15, 2023

Oil futures rose early Thursday, bouncing after a selloff the previous session in the wake of a large jump in crude inventories.

Data from China was also in focus, showing refinery runs increased in May.

Price action

Market drivers

Data from China’s National Bureau of Statistics showed oil refinery throughput in May rose 15.4%…

This post was originally published on Market Watch

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