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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.

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