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Crude, gasoline and diesel futures fell sharply in the week ended November 23, with WTI down 11.6% to about $50.42 per barrel. Gasoline and diesel futures also dropped about 10 to 12 percent over the same week.
A broad energy sell-off lowers diesel and transport costs for feed buyers. It also signals weaker demand expectations across the fuel complex.
fuelsmarketnews.comDr. Nancy YamaguchiNov 26, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Week ended Nov 23 saw WTI fall about 11.6% and diesel futures drop 10-12%, which directly matches the size and timing of the ULSD futures decline.
