Tag:

WTI crude

US Gasoline Just Posted Its Biggest Weekly Jump Since Russia Invaded Ukraine. Diesel Is Worse.

US gasoline hit $3.41, up 14% in a week. Diesel surged 15.3%. The biggest weekly pump price jump since Russia invaded Ukraine. And the strait is still closed.

Brent Just Posted Its Biggest Weekly Gain Since Russia Invaded Ukraine. The Parallels Don’t Stop at the Price.

Brent hit $85.85 — a 52-week high. Oil posted its biggest weekly gain since Russia invaded Ukraine. But this time the supply isn't rerouted. It's trapped.