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Rory Johnston reported that US diesel crack spreads against Brent rose about $12 a barrel over three days, after Brent fell below $90 and speculative Brent positions had their largest weekly pullback of the war.
Widening diesel margins versus crude indicate tightening refined product supply, supporting diesel prices and freight costs.
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.