HOUSTON, May 18 (Reuters) – Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
U.S. gasoline prices fell 5%, two days after touching a record high.
Capacity use on both the East Coast and Gulf Coast was above 95%, putting those refineries close to their highest possible running rates.
https://www.reuters.com/markets/europe/oil-prices-climb-hopes-china-demand-recovery-2022-05-18/