It is always a good idea to monitor refined goods right alongside crude oil. We are currently observing a noticeable divergence in the market, as the cost of refined products continues to rise even though crude oil prices have declined for three days in a row. Based on data from the AAA table, US diesel just reached an unprecedented peak of $6.45. In a separate development, media outlets are reporting that the Saudi oil giant Aramco has advised European refiners not to anticipate any crude shipments during the month of October.

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