# Fuels Market Watch Weekly, August 2nd Edition - Crude, Gas, Diesel Forward Prices

> NYMEX gasoline and diesel forward prices fell over the week ending August 2, with the front-month gasoline contract dropping 12.53 cents (6.7%). WTI dipped below $54/bbl after the Fed's 25-basis-point rate cut and threatened new U.S. tariffs on Chinese goods, then recovered toward $56. Inventory draws briefly supported prices midweek.

- Date: 2019-08-02 · published 2019-08-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11288-fuels-market-watch-weekly-august-2nd-edition-crude-gas-diesel-forward-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower crude and diesel forwards reduce input costs for feed transport and processing, but the sharp swings reflect demand worries that could weigh on energy-linked feed ingredient prices.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/fuels-market-watch-weekly-for-8-2-2019/

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