Asia’s Strong Diesel Demand Supports Crude Prices

Oil prices stumbled over the past week on the financial market turmoil, stronger dollar, and surging U.S. crude production. But as oversupply fears return with a vengeance to the oil market, the demand for the fuel that helped underpin the oil price rally in the fourth quarter last year and earlier this year is still robust in the world’s key oil consumption region — Asia.

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