Benchmark diesel price rises, but futures prices now headed sharply lower

After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.

• Oct 28, 2024Benchmark diesel price rises against backdrop of falling futures - FreightWaves+0.1%
• Mar 20, 2023Benchmark diesel price down 7 weeks in a row - FreightWaves+0.8%
• Mar 28, 2022Up and down: DOE/EIA price way up, diesel futures plummet - FreightWaves-18.2%
• Apr 22, 2020Oil’s collapse and its effect on diesel prices - FreightWaves-15.4%
• Apr 21, 2020Diesel’s price decline Tuesday was historic; crude’s fall sets another record - FreightWaves-32.2%

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Oct 28, 2024Benchmark diesel price rises against backdrop of falling futures - FreightWaves-3.3%
• Mar 20, 2023Benchmark diesel price down 7 weeks in a row - FreightWaves+3.2%
• Jul 21, 2021RBI Intervention And Sharply Lower Oil Prices Halted The Rapid Rise In USD/INR | Investing.com India+7.2%
• Dec 22, 2018The FreightWaves oil report: a tumbling market pushes prices down to levels of mid-2017 - FreightWaves-1.3%
• Nov 16, 2020Tanker shipping at risk of rare winter hibernation - FreightWaves+5.3%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Oct 28, 2024Benchmark diesel price rises against backdrop of falling futures - FreightWaves-3.1%
• Mar 20, 2023Benchmark diesel price down 7 weeks in a row - FreightWaves+3.9%
• Apr 22, 2020Oil’s collapse and its effect on diesel prices - FreightWaves+33.7%
• Apr 21, 2020Diesel’s price decline Tuesday was historic; crude’s fall sets another record - FreightWaves-32.4%
• Dec 22, 2018The FreightWaves oil report: a tumbling market pushes prices down to levels of mid-2017 - FreightWaves-0.5%