Global oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel.
It’s official: the world is expected to soon have more oil than it needs for the first time since the Iran war began in February. But more oil doesn’t automatically lead to lower diesel prices.
It’s official: the world is expected to soon have more oil than it needs for the first time since the Iran war began in February. But more oil doesn’t automatically lead to lower diesel prices. This story matters for Finance & Markets readers tracking trade. Reported by marketwatch.com. Read the full original at the source link below.
Originally reported by marketwatch.com. Trade-News.com curates and briefs the finance & markets stories that matter. Our editorial policy →
Get the daily trade signal