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U.S. oil futures finish lower, a day after marking their highest finish year to date

Clyde Edgerton by Clyde Edgerton
April 13, 2023
in Markets
U.S. oil futures finish lower, a day after marking their highest finish year to date
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Oil futures declined Thursday, with U.S. benchmark crude easing back as traders digested a breakout in prices a day earlier to fresh year-to-date highs, said Tyler Richey, co-editor at Sevens Report Research. Data Thursday, meanwhile, reportedly showed that China’s crude imports jumped by 22.5% in March. “The expectation that consumer demand will firm markedly in China as the economy continues to recover from the impact of strict economic lockdowns is another supporting factor for oil markets this week,” said Richey. May West Texas Intermediate crude CLK23 fell $1.10, or 1.3%, to settle at $82.16 a barrel on the New York…



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