“Everything About This Market Is Wild”: European Diesel Futs Top $200 As Global Scramble Accelerates The global tug-of-war for fuel looks set to accelerate, with traders scrambling to secure supplies even more aggressively after President Trump showed no signs of an end to hostilities (and a reopening of the Strait) any time soon. The longer the Strait of Hormuz remains closed, the more intense the competition is likely to become. Traders have warned that Europe is at risk of diesel shortages in the coming weeks. “Everything about this market is wild,” said Philip Jones-Lux, a senior oil analyst at energy analytics… — Continue at ZeroHedge News : Read More
