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The US crude benchmark extended its losing streak to 12 days, falling close to $4 on Tuesday. Gasoline and diesel futures each dropped about 10 cents, roughly 5%, while Gulf-to-New York product premiums widened.
Sustained losses in crude and refined products lower energy input costs for feed and transport. Wider product spreads signal stronger incentives to move diesel up the US pipeline network.
tacenergy.comNov 9, 2018Not 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.
Crude's 12-day losing streak and a roughly 5% drop in diesel futures (about 10 cents) is the same selloff that drove ULSD down sharply, so it is the closest match to the move's mechanism (input cost and sentiment).
Crude's extended losing streak with gasoline and diesel futures dropping about 5% in a session shows the same selloff pressure on ULSD, though the text describes a Tuesday move and the item is dated Nov 9, so timing is uncertain.
