Diesel Hits All-Time High as Saudi Pipeline Shuts — SkimNews
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- Diesel prices pushed to a new all-time high as oil prices jumped following the shutdown of a key Saudi pipeline.
- Oil climbed above $100 per barrel, prompting JPMorgan stock-market strategists to publicly fear missing out on a swift decline.
Why it matters: A single Saudi pipeline shutdown cleared oil past $100 and pushed diesel to an all-time high, with JPMorgan strategists publicly voicing concern about being caught wrong-footed on a reversal — a notable admission from a major bank that shows how sharply the supply shock has moved institutional positioning.
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