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Crude Retreats but Fuel Prices Stay High

Financial Times Companies •
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US refiners are profiting from weakened refining capacity in Russia and the Gulf, even as crude prices retreat. Consumers continue to face rising diesel and petrol costs. The Trump administration's decision to revoke legal protections for migrants may negatively impact the US economy. Additionally, Google is reportedly shifting control of its AI efforts from London back to Silicon Valley, with DeepMind's Hassabis stepping aside as power returns to Brin.

The energy crisis continues to drive fuel prices upward despite crude oil market fluctuations. Refining constraints globally have created a bottleneck that benefits US-based refineries while keeping pump prices elevated for drivers.

Haitian migrants face increased uncertainty as the US revokes protected status, raising concerns about deportation. The policy change affects thousands of individuals who have been living legally in the US under temporary protections.