U.S. gasoline demand is “the big enchilada,” says one analyst
The coronavirus pandemic has stalled factories and shut down businesses around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the oil price bust that could reshape energy markets.
Wary of U.S. crude oil after prices sank below zero, investors are seeking different ways to profit from the energy market as pockets of the world economy emerge from lockdown.
Some fund managers think it is safer and will prove more lucrative, to invest in refined-oil products or in Brent, a blend of crudes produced in the North Sea.
The hottest trade right now: gasoline.
Last updated on Sun., May 17, 2020.