Refining margins hit record highs as U.S.-Iran standoff squeezes fuel supply
Refining margins for diesel and gasoline have climbed to record or near-record levels even as crude oil trades around $90…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Gold rallies above $4,500 after Treasury bond move, Fed minutes show rate hike push
Gold pushed above $4,500 an ounce on Thursday for the first time since early June after the U.S. Treasury said…
Trump Announces New Economic Operation Against Iran as Ukraine Strikes Russian Oil Sites
President Trump has announced a new economic operation against Iran while Ukraine struck two Russian oil sites overnight, adding a…
Oil’s futures curve slips into backwardation as diesel cracks hit $100 a barrel
Oil's futures curve has swung into backwardation, with near-term contracts trading above longer-dated ones as diesel margins hit historic highs….
Oil Nears $90 as Tight Refining Capacity Squeezes Diesel Prices
Crude climbed further, pushing oil back toward the $90 level, while pump prices have yet to catch up. The report…
