# Dennis K. Burke, Inc. Market Updates | ulsd (14)

> 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.

- Date: 2023-10-05 · published 2023-10-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11717-dennis-k-burke-inc-market-updates-ulsd-14
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The correction lowers near-term diesel costs, but backwardation in the futures curve still shows some underlying tightness.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- burkeoil.com: https://www.burkeoil.com/value-added-services/energy-market-updates/topic/ulsd/page/14

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