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Oil Steady After Drop in Fuel Stocks Stokes Demand Hopes
Oil prices were steady on Thursday, holding gains made the previous session after falling U.S. crude and oil product inventories lifted the market.
Brent crude futures LCOc1, the international benchmark for oil prices, stood at $49.72 per barrel at 0939 GMT, 2 cents up from their last settlement.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.10 per barrel, 2 cents below their last close.
Christopher DeLetto Named Chief Financial Officer of MIDLAND
Christopher DeLetto has been appointed Chief Financial Officer, effective immediately. Christopher has played a key role in advancing the company’s acquisition strategy and supporting long-term growth initiatives. Christopher succeeds his father, Ralph DeLetto, with whom he worked closely over the last year, and who generously shared his knowledge and experience to help prepare Christopher for this important leadership role. With a background in investment banking and private equity, Christopher brings strong financial expertise and strategic insight to MIDLAND. In his new role as CFO, he will oversee all financial functions of the company and play a key role in shaping MIDLAND’s strategic direction and continued growth. “Christopher has quickly become an important part of our leadership team,” said Mike Graves, President and Chief Executive Officer of MIDLAND. “He knows our business, he brings great financial skills, and he has a deep connection to MIDLAND’s history. Jim (O’Toole) and I are confident he’ll do a terrific job in his new role.”
