- August 22, 2023
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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Despite the economic slowdown in the U.S. and Europe and a failed strong rebound in China, the diesel market globally is tight and set to enter the crop and heating seasons with lower-than-average inventories. The prices of middle distillates and diesel futures have jumped in recent weeks, outpacing the increase in Brent crude oil prices, which have moved into the $80-85 a barrel bandwidth from the previous range of $75-80. Portfolio managers and speculators are increasingly betting on higher diesel prices amid seasonally low…
