Weekly Fundamentals: US Refinery Margin Increased on Weaker Crude Prices

Bearish supply outlook continued to pressure oil prices, sending crude prices lower for the 6th consecutive week. Both the front-month WTI and Brent crude contracts declined -6.90% during the week. Besides expectations of faster-than-expected resumption of Iranian output, the increase in the number oil rigs in US exacerbated the selloff of crude prices last week.

from Oil N' Gold Focus http://ift.tt/1N0nUV8