Daily Market Updates: Global oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel

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Global oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel

Reported · MarketWatch source summary · Equity Funds

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.

Latest closeWTI crude $88.74 ▲2.5%

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MarketWatchGlobal oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel.

ETFs & Funds

Global oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel

More like this

Sources

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