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The EIA reported that the US average diesel price fell for a fourth consecutive week, down 2.1 cents to $3.317. The price was still 40.2 cents higher than a year earlier, and WTI traded near $56.83.
The weekly data confirms a downward trend in diesel costs, which eases transport and processing expenses for feed buyers. Continued softness in crude keeps energy-linked input costs under pressure.
stage.logisticsmgmt.comLM StaffNov 14, 2018After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.
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.
