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Market Impact: 0.35
Oil Prices Showing Just "Part of the Pain?" Examining Consumer & Venezuela Impacts
Source: youtube.com
Energy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply Chain
Crude oil stays elevated near $90 and AAA reports U.S. national average diesel prices at record highs, indicating sustained pressure from Strait of Hormuz volatility. Paul Gooden notes only part of the impact shows up directly in crude, with more of the pain flowing through refinery-related factors rather than headline oil prices. This backdrop is likely to keep refining margins and diesel-related costs under strain.
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