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Early European trade saw oil rise as Middle East tensions persisted despite recovering Gulf crude exports. EIA data showed distillate stocks fell 2.3 million barrels and sit 14% below the five-year average.
Distillate inventories well below average point to tight diesel supply, which supports fuel and freight costs for feed buyers.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.