The oil price rally saw a correction on Thursday before stabilizing on Friday morning, and refinery maintenance season may soon add more downward pressure to oil markets. Oil fell back sharply on Thursday, coming on the heels of a huge buildup in U.S. crude inventories. However, the stock increase was largely due to an unexpected dip in exports, so the implications of the EIA report are still unclear. Still, even as Iran outages loom, seasonal factors could offset the bullishness. “We’re now into fall refinery maintenance season, and so we’re seeing builds in inventories because refineries aren’t taking in as […]