Oil Set for Weekly Gain of over 7% on Supply Disruptions; U.S. Diesel Hits Record High
Middle East shipping attacks lifted weekly crude prices more than 8% and pushed U.S. diesel above $6 a gallon, GasBuddy said.
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8 Articles
Oil once again exceeds $100, but the fuel that drives trucks, agriculture and much of the European industry is rising much faster. The margin of diesel over crude has just reached a record 112.17 dollars per barrel in the United States, while in Europe it reached 98 dollars at the beginning of September, more than double the $44.75 average recorded in June. A gap that begins to launch a worrying signal just as Europe prepares to enter the autumn.
Oil set for weekly gain of over 7% on supply disruptions; U.S. diesel hits record high
Oil prices slipped on Friday but were still up more than 7% for the week and U.S. diesel prices hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears.
Economy: Direct - Oil prices declined today Friday, but remained on track to record a weekly gain of about 9%, after exceeding $100 per barrel for the first time in months...
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