Divergence Between Gasoline and Heating Oil Futures Explained
Gasoline and heating oil futures have shown divergent trends in the energy market, with heating oil leading the rise due to its sensitivity to Middle Eastern crude oil. This divergence is influenced by the different refining processes of WTI and Brent crude oil, which affect the production of gasoline and distillates like diesel and jet fuel. The article highlights the seasonal factors and supply concerns impacting oil prices.
Topics: Brent crude distillate fuels energy markets gasoline prices heating oil futures WTI