Middle distillates to strengthen on supply constraints?
Middle distillates to strengthen on supply constraints?
Diesel and heating oil have risen steadily this year, buoyed not only by the rise in crude prices but also by some fundamentals specific to these middle distillate products. Experts believe supply constraints could become a feature that will support prices for the foreseeable future.
So far this year, prompt-month values for Ice gas oil futures have risen by 8.6% to $1,035.75/tonne, front-month heating oil at the New York Mercantile Exchange has risen by 8% to $3.2819/gallon, while Ice Brent
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