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Oil futures were mixed in early trading, with WTI near $59.15 supported by a larger-than-expected U.S. crude inventory draw. Gasoline and diesel futures were little changed, while U.S.-China trade concerns capped gains.
Industry data showed mixed gasoline and distillate inventory changes.
The mixed moves show the market balancing supply data against trade risk, leaving no clear direction for diesel or crude costs. Feed buyers should expect little near-term change in fuel prices from this session.
fuelsmarketnews.comAbout The AuthorMay 31, 2019Not 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.
