Diesel Leaps to 4-Month High with Supply Squeeze Worsening

Fuel crisis bites again as green diesel reaches highest monthly average of year

Diesel leaps to 4-month high with supply squeeze worsening

ICE gasoil futures, the global diesel benchmark, climbed as much as 4.2% to their highest level since April 9.

Diesel jumps to 4-month high with supply squeeze worsening

The increase in the cost of the workhorse fuel of the global economy adds to inflationary concerns amid broader pressure on the price of basic goods.

Diesel Jumps to Four-Month High With Supply Squeeze Worsening

Diesel rose to the highest in more than four months after fresh attacks on refineries further tightened a market already dealing with a drop in supply due to wars in the Middle East and Ukraine.

USA Diesel Hits Highest Since April

U.S. diesel advanced to the highest price since hitting a peak in April during the initial phase of the U.S.-Iran war.

US diesel prices hit highest level since April amid US-Iran tensions

Rising diesel prices may strain logistics and heating sectors, reflecting broader economic impacts from geopolitical tensions and supply risks. The post US diesel prices hit highest level since April amid US-Iran tensions appeared first on Crypto Briefing .