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Diesel futures fell sharply in early October after a steep daily drop, with analysts calling the move a needed correction. Prices were still about 80 cents above levels last seen in early May.
The correction lowers near-term diesel costs, but backwardation in the futures curve still shows some underlying tightness.
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.
