$100 Diesel Cracks Signal a Much Tighter Oil Market Than Brent Suggests ...Middle East

The oil market has remained complacent for months amid the worst disruption in global supply, with crude oil futures rarely topping $100 per barrel over the six months in which tanker traffic at the Strait of Hormuz is a trickle compared to pre-war levels. While market participants have been putting too much hope of a resolution of the conflict in their bets on future crude prices, product supply of the fuel of the economies – diesel – has been shrinking.     So much has the diesel market tightened in recent months that…

Hence then, the article about 100 diesel cracks signal a much tighter oil market than brent suggests was published today ( Wednesday 19/08/2026 - 11:13 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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