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Shortages of refined products and soaring prices are described as pushing the economy into binding capacity constraints. Sanctions and boycotts on Russian petroleum exports are cited as a contributing factor.
Refining capacity shortfalls and Russian sanctions keep diesel and energy costs high, raising feed production and freight expenses. Expectations of slower growth could weigh on demand for animal protein.
reuters.comJohn KempMay 19, 2022After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
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.
