Oil markets are wrapping up a November that has seen significant gains in the price of crude but even larger increases in the price of diesel.
While trading is ongoing Friday and the month isn’t over, the numbers through Wednesday’s settlement were striking, particularly for diesel. The price of ultra low sulfur diesel on the CME commodity exchange settled Wednesday at $1.3866 a gallon, a jump of 30.53 cents since its settlement on the last trading day of October. That’s a gain of 28.2%.
That...
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