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Oil markets face large price swings because spare production capacity is nearly exhausted. The article warns that hurricanes in the Gulf of Mexico or further falls in Russian exports could cause sharp moves.
With little spare capacity, any supply disruption can quickly lift crude and diesel prices, raising feed transport and processing costs.
reuters.comAhmad GhaddarJun 8, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
