Crude Oil Surges $2 as Refiners Try to Meet Growing Fuel Demand

June 13 (Bloomberg) — Crude oil rose more than $2 a barrel in New York on concern that refiners will be unable to meet surging global demand for distillate fuels such as diesel and heating oil. “Outside of the U.S. diesel is becoming the fuel of choice,” said Rick Mueller, an analyst with Energy Security Analysis Inc. in Wakefield, Massachusetts. “World demand for distillate fuel is growing faster than that for gasoline. Gasoline stocks are plentiful but that’s not the case for distillate ”

Bloomberg

Poster’s comment: I wonder, however, if the bombings in Iran were on trader’s minds instead…and Iran’s accusal of the US’ involvement…