Bullish gasoline positions have hit their highest since the day Russia invaded Ukraine and will almost certainly rise further if record Atlantic Ocean heat draws a hurricane into the Gulf of Mexico and disrupts refineries, investors and analysts said. Gasoline prices usually rise ahead of the U.S. summer driving season. This year's seasonal rally has been super-charged by a ten-week low in supplies caused in part by refinery outages in the US east and Gulf Coasts and strong exports to global markets from the United States, which typically imports from other countries to supplement its own production.
Bullish gasoline positions
have hit their highest since the day Russia invaded Ukraine and
will almost certainly rise further if record Atlantic Ocean heat
draws a hurricane into the Gulf of Mexico.
Analysis: Oil hedge funds place their bets on heat-fueled hurricane season reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Oil hedge funds place their bets on heat-fueled hurricane season | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.