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Crude Oil Struts Back, But Refined Fuels Are in Shambles

Geopolitics

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Crude Oil Struts Back, But Refined Fuels Are in Shambles

Alright, squad! Crude oil is back strutting through the Strait of Hormuz at 13.5 million barrels a day—like, hello! But the refined fuels? Total snooze fest at just 677,000 barrels. Prices are blasting off! The IEA dropped 400 million barrels in crisis mode, but infrastructure is still wrecked. US is cranking up refining, but Asia and North America are hogging the stage. Buckle up, it’s a chaotic scene!