The rebound of the US dollar lost its momentum to boost commodity prices priced in US dollars. At the same time, the rise in the stock market also boosted energy prices. Crude oil futures resumed their rise and ended up collectively higher. New York crude oil rose 1.8% to close at $53.21, for six consecutive trading gains, and hit its highest level since February 21.
Automobile manufacturers generally design engines and limit it electronically to produce approximately 20 – 40% less power than it is naturally capable of, to comply with the stringent regulations, fuel grade, climate etc.
The global isooctane market is estimated to value at approximately $99 billion in 2019, and is expected to register a CAGR of 2.1%. The first five-year cumulative revenue (2019–2023) is projected to be over $517 billion, which is expected to increase considerably over the latter part of the five-year forecast period.