# Market Talk | Bearish Positioning In Diesel Contracts By Large Speculators

> Large speculators added more than 33,000 new short positions in ULSD and gasoil during the week reported to the CFTC. A Libyan refinery fire forced force majeure, and a CNPC report suggested China's refined product demand peaked in 2023.

- Date: 2024-12-16 · published 2024-12-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27160-market-talk-bearish-positioning-in-diesel-contracts-by-large-speculators
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Heavy speculative shorting and a possible long-term fall in Chinese fuel demand pressure diesel prices, though the Libyan outage is not expected to disrupt exports.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- tacenergy.com: https://www.tacenergy.com/news-and-views/market-talk/bearish-positioning-in-diesel-contracts-by-large-speculators

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.