# Funds slash bullish bets on oil products amid ban talk, Goldman advises ULSD hedge

> Money managers cut net long positions in US gasoline and diesel contracts by about 20%. The reduction came amid talk of a possible ban on oil product exports, and Goldman Sachs advised hedging ULSD exposure.

- Date: 2022-07-04 · published 2022-07-04T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/11250-funds-slash-bullish-bets-on-oil-products-amid-ban-talk-goldman-advises-ulsd
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Possible export restrictions on US products would keep domestic diesel supply higher and weigh on US prices relative to global markets. Fund liquidation adds downward pressure on near-term futures.

## Read by commodity

- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2022-07-06 | 5 | -17.6% | -3.2 | Funds cut net longs in diesel and gasoline by about 20% amid export-ban talk, so positioning liquidation added selling pressure on ULSD. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-12-04 | [OPEC Plus opts against cutting production as oil prices fall - The Washington Post](https://feedsoft.ai/events/38138-opec-plus-opts-against-cutting-production-as-oil-prices-fall-the-washington-post.md) | -12.5% | -2.1% |
| DIESEL | 2021-06-01 | [OPEC to raise oil production in July, stays mum on what’s next](https://feedsoft.ai/events/46493-opec-to-raise-oil-production-in-july-stays-mum-on-what-s-next.md) | +3.6% | +3.7% |
| DIESEL | 2026-03-23 | [U.S. to bring more diesel to market to address fuel prices: Wright](https://feedsoft.ai/events/20339-u-s-to-bring-more-diesel-to-market-to-address-fuel-prices-wright.md) | -2.4% | -23.4% |
| DIESEL | 2022-03-31 | [OIL FUTURES: US SPR release, OPEC+ output hike send crude sharply lower \| S&P Global](https://feedsoft.ai/events/11048-oil-futures-us-spr-release-opec-output-hike-send-crude-sharply-lower-s-and-p.md) | -8.3% | +34.5% |
| DIESEL | 2021-11-24 | [Reserve oil being released into market that may have peaked - FreightWaves](https://feedsoft.ai/events/7076-reserve-oil-being-released-into-market-that-may-have-peaked-freightwaves.md) | -13.2% | -3.3% |

## Sources

- qcintel.com: https://www.qcintel.com/article/funds-slash-bullish-bets-on-oil-products-amid-ban-talk-goldman-advises-ulsd-hedge-6986.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.