Highlights NYMEX crude settles $1.78 higher at $75.57/b Gasoline sales rise over holiday weekend India’s crude imports jump in November Crude and oil products futures rallied Dec. 27 along with equities on easing concerns about the omicron variant.
NYMEX front-month crude settled at $75.57/b, up $1.78, while ICE front-month Brent settled at $78.60/b, up $2.46. In refined products, NYMEX front-month RBOB settled 2.78 cents higher at $2.2339/gal and NYMEX ULSD settled 2.21 cents higher at $2.3535/gal. Equities were also rallying, with the S&P 500 reaching a record high. While airline stocks were under pressure because of flight cancellations over the holiday weekend, retailers were in the black on strong sales figures. Holiday sales, excluding automotive, jumped 8.5% on the year, according to Mastercard. Gasoline sales have also risen as more drivers have taken to the […]