Sometimes when you get a crack high you might not see things so clearly.
Overnight we’re looking at another diesel crack blowout as the market prices in the threat of new or extended export bans from Russia, China, and even the United States. The Gulf Coast diesel crack has been ripping through levels that used to be unthinkable — north of $100 a barrel earlier this month and, by some prints, pushing toward that $118 area traders are talking about. Asian 10-ppm diesel cracks just printed an all...
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