Loading…
The spread between NY Harbor cash and futures diesel prices widened to $0.80 before narrowing to $0.55 as physical deals were reported. Northeast distillate inventories remain precariously low, and new SPR releases were announced.
Low Northeast distillate stocks keep the cash premium elevated, raising diesel costs for New England users and freight. Talk of releasing finished diesel rather than crude signals possible policy relief.
burkeoil.comMark PszenicznyOct 20, 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.
