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Diesel futures fell about 18 cents on October 4 and another 7 cents in early trading on October 5, after a run of declines. The drop followed weaker distillate and gasoline demand in the weekly inventory report, despite OPEC+ extending its production cuts.
Profit-taking and weak demand data pushed diesel futures lower, which lowers fuel and freight costs for feed businesses in the short term.
burkeoil.comMark PszenicznyOct 5, 2023Not 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.
