Why Are Crude and Gasoline Diverging? | Presented by CME Group

[Applause] Crude oil and gasoline prices can diverge due to fundamental structural differences in their markets. Crude oil is a globally traded commodity influenced by international supply disruptions, OPEC decisions and macroeconomic factors like global demand. Its price reflects raw extraction and transport costs, often fluctuating with geopolitical events or inventory builds in hubs like Cushing, Oklahoma.Gasoline, however, is a refined product with regional markets. Prices incorporate refining costs, cr ...