Heating oil futures for delivery at New York Harbor extended its losses to around $3.70 per gallon, remaining close to a two-week low, as markets gauged the likelihood of the US and Iran reaching a deal. The US military reportedly carried out a self-defense strike in Iran, underscoring the fragility of diplomatic efforts, following President Donald Trump’s remarks that talks with Tehran were progressing, with negotiations including a US lifting of its blockade and Iran reopening the Strait of Hormuz. Exports of distillate products from the region have been largely halted since the war began in March, straining refinery operations and pushing heating oil futures to a record high of $4.60 that month. Meanwhile, US distillate stocks unexpectedly rose in mid-May, contrasting with a decline in gasoline inventories, suggesting refiners prioritized diesel and jet fuel production amid global transportation fuel shortages.

Octalas AI

الربح

الجميع يسارعون إلى خفض التكاليف. أما نحن، فنسرع نحو تحقيق الأرباح.

ابدأ البيع من خلال تقديم الخدمات

ابدأ الفترة التجريبية

مجانًا لمدة 14 يومًا · لا حاجة لبطاقة ائتمان