Oil prices are being shaped by more than how much crude the U.S. produces. Rey “RT” Treviño III, an Oil and Gas Expert with Pecos Energy and host of The Crude Truth podcast, said global supply, refining capacity and geopolitical disruptions are all influencing the price consumers ultimately pay at the pump. Treviño joins us on today’s CBT Live segment to break down the current oil market and explain why strong U.S. production does not necessarily translate into lower gasoline prices. According to Treviño, one of the biggest distinctions in the current market is between the physical price of oil and the price traded on paper markets. He said physical…
