[Farcesensitive]

Oil Sees Biggest Fall Since Early May

https://www.thefinancialtrends.com/2023/06/24/oil-sees-biggest-fall-since-early-may/

[Cletus.D.Yokel]

:: Oil Sees Biggest Fall Since Early May ::

Will only translate to “pump price” for the short term.
It’s actually a hedge against increased refining/transport costs (see article) as The Fed raises rates in the future.

Like everything else, when the The Fed pauses, industry hedges.

[stylin19a]

and the price of gasoline just went up here...