European oil product markets jumped on Friday as Israel's overnight strikes on Iranian nuclear sites raised fears of Iranian crude supply shocks and Strait of Hormuz disruption. Low sulfur gasoil futures spiked to around $687/mt, and traders rushed to cover short positions.
Risk to Middle East crude and product flows lifts European gasoil and distillate prices, which tightens global diesel supply and supports higher fuel costs.
Na 250 eerdere opwaarts geopolitiek-gebeurtenissen bewoog ULSD / Diesel zich mediaan +1,7% over 5 sessies (58% hoger; middelste helft -3,6% tot +8,7%), en +0,9% over 20.
Na 656 eerdere opwaarts geopolitiek-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan +1,9% over 5 sessies (63% hoger; middelste helft -2,7% tot +6,6%), en +0,7% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
European gasoil spiked as shorts were covered on Iran supply fears, transmitting to global diesel pricing.
European gasoil futures spiked and shorts covered on June 13, which lifted global diesel benchmarks and US prices through arbitrage linkage.
European oil products jumped on Hormuz disruption fears and short covering, reflecting the same shock in the crude complex.
Fears of Iranian crude supply shocks and Strait of Hormuz disruption lifted European products, reinforcing the crude supply-risk premium.