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U.S. diesel crack spread nears all-time daily high, Rory Johnston notes

U.S. diesel crack spread nears all-time daily high, Rory Johnston notes
U.S. diesel crack spread hits record

Rory Johnston reports that the U.S. diesel crack spread versus Brent is approaching $100 per barrel, reaching the highest sustained level in history.

According to Johnston, this development puts the spread within close range of an all-time high on a daily basis.

Johnston previously highlighted Brent crude at $87 per barrel as the U.S. diesel crack spread reached $89 per barrel, making diesel twice the price of crude in an earlier report. He has also commented on reports that the U.S. was nearing a major deal for Venezuelan oil fields in another recent article. Both developments have contributed to heightened interest in U.S. energy markets.

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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