06/03/2026
The markets are up thanks to escalating actions in the middle east. For simplicity, any positive negotiations that hit the news, it will send the market down, and any negative news or escalation amongst the wars going on will send the market up. From an actual supply and demand conversation, their is plenty of supply, just not plenty of routes to get the supply where it needs to go. This is causing a shortage in finished products, as the crude is not getting to the right locations to be refined. Prices continue to soar, it will likely have a downward impact on demand. That being said, we are headed into our higher demand times with travel, harvest, etc.
Crude is up at $96.20
RBOB is up at $3.1802
HO is up at $3.8332