The Middle East conflict has already been impacting gasoline prices recently, pushing spreads and cracks higher across all geographies’, a Commodity Owner said.
After booking the strongest rise in about a year, Brent crude and West Texas Intermediate started this week flat, with Brent trading around $78 a barrel and WTI trading below $75 per barrel.
Curious Minds Corner
Question of the week
What is the process called where crude oil is heated and separated into different components?