Oil futures extend runs higher amid strong Chinese crude appetite Lack of details on US-China phase 1 deal caps upside price movement Chicago ULSD discount to NYMEX spikes on low regional demand Crude futures settled at fresh three-month highs Tuesday as the market eyed prospects of improved demand growth amid an easing of US-China trade tensions. ICE February Brent settled up 76 cents at $66.10/b and NYMEX January WTI moved 73 cents higher day on day to settle at $60.94/b. The last time the front-month ICE and NYMEX contracts settled higher was September 16. Fresh signs of stepped-up crude demand from China was supporting oil prices Tuesday. Crude oil throughput at China’s domestic refineries jumped 10.1% year on year to 13.7 million b/d in November amid abundant crude supply, data released Monday by the […]