Diesel Passes $105 a Barrel on Mideast Worry and Key Spreads Rip
By and Alex Longley
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Diesel soared for a fifth day — topping the equivalent of $105 a barrel in Europe — with spreads that traders view as measures of market strength spiraling higher.
Concern about imports from the Middle East, where Israel's conflict with Iran is roiling wider oil markets, is compounding what was already a tight market. Europe has become increasingly reliant on the region's fuel since losing Russian supply.
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