Crude Oil Ends Consecutive Gains With Overnight Correction; Fuel Oil Market Sentiment Weakens

GateNews
According to Jin10 Futures, crude oil ended its consecutive gains with an overnight correction on May 20, with limited directional guidance from fundamentals weighing on fuel oil trading sentiment. Major refineries narrowed their price hike margins yesterday, while downstream buyers adopted a cautious wait-and-see approach. The market is expected to see mixed trading today, with some contracts holding steady and others potentially moving lower on volume.
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