Oil rose back over the $100 mark as investors weighed a potential return to active conflict between the US and Iran, a prospect that could further tighten crude oil and refined product supplies.
A potential ban on U.S. diesel exports could have “a negative impact on gasoline,” U.S. President Donald Trump said late on Wednesday, although he didn’t rule out such a move from the Administration.
Curious Minds Corner
What is the key role of a floating production storage and offloading unit?
It produces, stores, and transfers hydrocarbons offshore.