Principal Asset Management flags record diesel crack spreads as refined products supply tightens
Principal Asset Management flagged record distillate crack spreads, driven by tight refined-product supply, not only Strait of Hormuz risks. Over 12 months, crude rose about 55%; distillate crack spreads jumped more than 260% in Europe and the US. WTI 3-2-1 crack spread climbed about 183%, pointing to stress concentrat