July 14, 2026
Gasoline and diesel markets have rallied sharply this week, as investors price in the impact of renewed conflict in the West Asia
Buyers say traders are using the weather as an excuse to drive up prices
Both crude benchmarks had settled at their highest in over two weeks
Ships are passing through the Strait of Hormuz with 160 vessels reported from Monday to Saturday last week, easing oil supply concerns
Brent crude futures slid 24 cents, or 0.33 percent, to $71.88 a barrel by 0010 GMT after settling 0.45 percent higher on Friday
"There will be no gauging, which is totally illegal. If Retailers don't do this, big problems lie ahead! Start targeting around the $2.50 a Gallon number," he writes
Soaring costs of memory and storage chips are dimming prospects across the electronics industry
Brent settled at $78.96 a barrel and WTI settled at $76.05
