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On September 30, distillate inventories fell 2.3 million barrels to 14% below the five-year average, and retail diesel reached a record $6.53 a gallon. The US Department of Energy offered up to 40 million barrels from the Strategic Petroleum Reserve, and the Brent-WTI spread widened to $12.29.
Tight distillate supply and record diesel prices raise farm, trucking and milling costs, which increase feed prices. The SPR release is a partial offset but does not address the underlying product shortage.
ph.investing.comSep 28, 2026After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
