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● No company-specific catalyst dated to on or around Monday has been tied to the drop.
● Brent rose above $106 and WTI gained more than 2% after strikes on Riyadh's airport.
● Brent pushed above $106 and WTI rose more than 2% after strikes on Riyadh's airport.
● Brent climbed above $106 and WTI rose more than 2% after strikes on Riyadh's airport.
● Brent rose above $106 after weekend strikes on Riyadh's airport raised supply fears.
● Delek is a downstream energy company centered on petroleum refining, logistics and marketing.
● Brent rose above $106, roughly a two-week high, after strikes on Riyadh's airport.
● The gain joined a broad rally across crude-tanker stocks.
Brent crude traded near 106.48 US dollars a barrel, up 1.68% on the day and 0.96% over the month, while West Texas Intermediate gained 1.94% to 93.63 US dollars. Annual gains of 68.50% and 57.82% show how much risk premium the market has absorbed.
Gasoline is the largest refined product consumed in the United States, which makes its price a useful gauge of transport costs and consumer activity. The wholesale benchmark is RBOB futures, traded on NYMEX, where each contract covers 42,000 gallons, equal to 1,000 barrels, with …
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