MARKET EYE: Jet Fuel Extends Losses

摘要

US jet fuel prices extended their losses last week, dipping below the $2 per gallon range during a shortened trading week for the Thanksgiving holiday. Holiday traffic is not expected to do much to reverse the dismal demand picture. Changes in US jet differentials varied with geography, with the Los Angeles premium to benchmark heating oil narrowing 7.3φ to just 1.5φ/gallon.