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IEA data show the 2003 SARS outbreak sharply cut jet fuel consumption, while other oil products held up. The findings are being used to gauge how the current China coronavirus could affect fuel demand.
The precedent suggests the demand hit may be concentrated in jet fuel rather than diesel, limiting the broader price impact. It is a reference point rather than a new supply or demand change.
bloomberg.comChristopher SellJan 29, 2020After 17 past disease events, ULSD / Diesel moved a median -5.8% over 5 sessions (35% higher; middle half -6.3% to +1.2%), and -6.1% 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.
