PremiumWhat's Behind The Huge Divergence In Global Oil Prices
As discussed earlier, global prices for diesel and other heavier oil products have soared as the war between the United States and Iran interrupts exports from the world’s most important area for medium-density crude. Yet unlike diesel, benchmark oil prices have remained relatively contained, with Brent trading near $100/bbl and WTI around $95 despite the scale of the disruption, arguably one of the largest exogenous supply shocks in recent history.
