WTI

[Dr.Masih Rezvani + 26]

Biden wants to ban export of gasoline, diesel and other refined petroleum products to lower fuel prices. It will backfire, I‘m afraid. I raise my WTI forecast to $120 by year’s end

[Blackbag99 + 20]

On 10/9/2022 at 12:17 PM, Dr.Masih Rezvani said:

Biden wants to ban export of gasoline, diesel and other refined petroleum products to lower fuel prices. It will backfire, I‘m afraid. I raise my WTI forecast to $120 by year’s end

It is very difficult to see the economic benefit from lowering refinery output. Losing refinery gains, surely will only lower the surplus of petroleum products produced in the US?