# Buy the Rumor, Sell the Fact

> 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.

- Date: 2023-10-05 · published 2023-10-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11716-buy-the-rumor-sell-the-fact
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Profit-taking and weak demand data pushed diesel futures lower, which lowers fuel and freight costs for feed businesses in the short term.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- burkeoil.com: https://www.burkeoil.com/value-added-services/energy-market-updates/buy-the-rumor-sell-the-fact

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