Traders Scour Fuel Markets for Profits as Crude Prices Drift Sideways
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Trading activity in fuels is surging the most in years as a listless crude market pushes investors to seek money-making opportunities in more niche products.
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Published Feb 18, 2024 • 3 minute read
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(Bloomberg) — Trading activity in fuels is surging the most in years as a listless crude market pushes investors to seek money-making opportunities in more niche products.
While crude has drifted in a $10 band this year, fuel markets have been roiled by attacks in the Red Sea, refinery outages and heavy maintenance, a deep freeze in the US and Ukrainian drone attacks on Russian refineries. The end result is one of the most active trading periods for refined products in several years.
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Bloomberg News
2024-02-18 10:28:02
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