Crude Hits the Gas as China Stirs the Pot and Winter Bites
Oil prices surged to their highest levels since October, fueled by Beijing’s economic stimulus spree and frosty weather boosting global fuel demand. Brent crude edged up by $0.15 to $76.66 per barrel early Monday, following a Friday close that marked its strongest since Oct. 14. Meanwhile, WTI crude gained $0.22 to $74.18, also hitting a […]
Winter Fuels Bullish Surge in Europe’s Diesel Market
Optimism is growing in the European diesel and gasoil markets as hedge funds and portfolio managers continue to cut their bearish positions amid colder weather and surging natural gas prices. Traders are increasingly bullish on diesel futures, with expectations for further price increases throughout the winter. In the week leading up to November 26, money […]
