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Diesel is the strongest product in the petroleum complex, helped by OPEC+ cuts, OECD refinery closures and sanctions on Russian exports. US distillate inventories remain 16% below the five-year average despite a recent build of nearly 11 million barrels.
Structural tightness in middle distillates supports diesel prices and could add longer-term support to broader oil markets.
energyintel.comAuthor Paul Merolli, Washington Editor Luke JohnsonJul 31, 2025Not 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.
