# US diesel futures hit 3-year low as oil selloff deepens on demand concerns

> ULSD futures on the NYMEX fell 3.6% to settle at $2.06 a gallon, the lowest since August 2021. U.S. crude futures fell 4.3% to end at $65.75 a barrel, their lowest since December 2021.

- Date: 2024-09-10 · published 2024-09-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28497-us-diesel-futures-hit-3-year-low-as-oil-selloff-deepens-on-demand-concerns
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower diesel and crude prices reduce input costs for freight and fertilizer, but they also weaken the energy complex that supports biofuel margins and feed-related pricing.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-diesel-futures-hit-3-year-low-oil-selloff-deepens-demand-concerns-2024-09-10/

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