Valero: Low Crack Spreads Offset Shareholder-Friendly Moves

Group 1 - Oil prices have experienced significant fluctuations in 2023, with WTI crude oil nearing $80 per barrel in January due to strong economic growth in China and the US [1] - The increase in oil prices is attributed to robust economic indicators, suggesting a potential rise in demand for crude oil [1] Group 2 - The article does not provide specific company or industry insights beyond the general trends in oil prices and economic conditions [1]