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US diesel stockpiles have fallen to their lowest seasonal level since 1996, and European benchmark futures signal a tighter market than during the Israel-Iran conflict. Refinery closures, outages and OPEC+ production curbs are driving the squeeze.
Low inventories and high crack spreads push diesel prices up, raising logistics and fuel costs across the feed supply chain.
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.