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Crude and Diesel are trending upward
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FW30
Posted 3/18/2024 14:33 (#10670246)
Subject: Crude and Diesel are trending upward


EC SD
If you didn't order diesel on Valentine's day, like some on here recommend, then you may want to get it ordered soon...

Lots of recent attacks on Russian refineries, and this is likely to continue. The world was already short of refining capacity so this is likely to make diesel go significantly higher...

I bought Valero (VLO) and Marathon Petroleum (MPC) stocks today based on technical signals which align with my fundamental analysis view that diesel crack margins are likely on the way up from already highly profitable levels.
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