Energy futures swung sharply through the week as ceasefire reports, Israeli strikes in Lebanon and Strait of Hormuz headlines alternated. Fewer ships transited the strait Friday than before the ceasefire was announced.
US diesel regional differentials moved widely, with LA spot diesel down 30 cents and Mid-Continent values rallying.
Headline-driven volatility keeps energy prices unstable, and fewer transits indicate persistent supply constraints that support fuel costs for feed producers. Regional diesel basis swings affect delivered freight costs for buyers.
Not 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.
Weekly summary of energy futures swinging on ceasefire headlines with regional diesel differentials falling, supporting the weekly decline.