Bob Elliott: Global product spreads surge amid supply shock in energy markets

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26.04.2026

Bob Elliott: Global product spreads surge amid supply shock in energy markets — Energy product prices surge worldwide

Bob Elliott, Co-founder / CIO at Unlimited, highlights a rapid increase in global product spreads as a supply shock disrupts energy markets. Diesel, jet fuel, and gasoline prices are all surging, indicating a broader economic impact than what is visible in just the headline WTI oil price.

Elliott points to far-reaching consequences for various parts of the economy as these energy product prices move significantly higher around the world.

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Elliott has previously analyzed the effects of higher energy costs on consumers, noting that rising U.S. gas prices are starting to impact real household spending. In a separate market update, he challenged speculation about a yen carry trade reversal as the yen hit new lows alongside declining equities. These observations add to his recent commentary on global energy product spreads.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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