Crude Glut Is a Boon for US Refiners as Fuel Demand Stays Firm

Oil markets are awash in crude, keeping a lid on prices and squeezing drillers. For US refiners, though, the glut is proving a windfall.

By Nathan Risser, Will Kubzansky · Bloomberg Markets

Oil markets are awash in crude, keeping a lid on prices and squeezing drillers. For US refiners, though, the glut is proving a windfall.