Bob Iacccino Discusses Latest Rise In Crude Oil

Bob Iacccino evaluates the disparity between crude oil and distillate inventories. Crude inventories are above 5 year averages and distillates are below 5 year averages which suggests a lack of refining capacity. Demand for jet fuel and gasoline has increased significantly in the past three months. Bob expects volatility in the energy segment as upstream suppliers and downstream refiners adapt to a normalized economy.

Market On Close

11 Mar 2021

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Bob Iacccino Discusses Latest Rise In Crude Oil

Bob Iacccino evaluates the disparity between crude oil and distillate inventories. Crude inventories are above 5 year averages and distillates are below 5 year averages which suggests a lack of refining capacity. Demand for jet fuel and gasoline has increased significantly in the past three months. Bob expects volatility in the energy segment as upstream suppliers and downstream refiners adapt to a normalized economy.

Market On Close

11 Mar 2021