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Global diesel cracks and timespreads were boosted in the past week by interventions from the US and Chinese central banks. Traders are pricing in improved demand prospects from the stimulus measures.
Stimulus-driven demand hopes support diesel prices and can lift crude, which in turn affects freight costs and biofuel feedstock economics.
qcintel.comSep 26, 2024After 105 past bullish macro events, DIESEL moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.
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.
