Gasoline: The Price Rally That Nobody Saw Coming ...Middle East

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Gasoline: The Price Rally That Nobody Saw Coming
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The direction of oil prices is top news material. Everyone follows oil prices. Many also follow the prices of the most traded oil derivatives, and some may have noticed something rather alarming in the trend of one of these derivatives. Gasoline, one of the six most traded petroleum contracts on the global futures market, has gained over 20% in the year to date, according to a recent Bloomberg report. This is more than what crude oil has gained—a lot more. At the start of this year, Brent crude was trading around $78 per barrel.…

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