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Fuel markets were mostly sideways in the week, but diesel fell 40 cents over four straight daily losses. Headlines included China holding rates steady and raising export quotas, and a White House plan to release 15 million barrels from the Strategic Petroleum Reserve.
Diesel inventories near historic lows and the SPR release offset the diesel decline. Any further export controls or SPR changes could move diesel and freight costs.
mansfield.energyAlan ApthorpOct 21, 2022Not 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.
