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WTI crude finished the week near $85.61 without a clear directional signal, while ULSD ended on an inside day. US distillate stocks were 106.1 million barrels for the week ended Oct.
7, near April's low of 104 million barrels.
Distillate inventories near the April low keep diesel supply tight into winter, supporting diesel prices. The EU's planned Russian oil import limits and possible US export controls add upside risk.
fuelsmarketnews.comKeith ReidOct 20, 2022Not 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.
