THE PRICE DIFFERENCE BETWEEN CRUDE OIL AND DIESEL IS AT AN ALL-TIME HIGH

The price difference between crude oil and diesel has reached an all-time high of $102.20 per barrel, which could have an impact on Bitcoin. The recent war in Iran and Ukraine is disrupting global oil supplies, leading to a further rise in demand for diesel fuel at seasonal peaks. The analysis indicates that food prices are about to rise, that agriculture is dependent on diesel equipment and transportation, and that the need for heating oil is increasing during the winter. Despite the fall in oil prices from the highs of the second quarter, the price of oil products continues to rise, which may affect the increase in bitcoin. At the same time, the United States dollar index fell to a two-month low, with historically weak United States dollar-to-currency support。