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Speculators increased short bets on US ULSD futures by more than 12,000 contracts in the latest week. ULSD futures slumped to $2.04 a gallon, their lowest since December 2021, on weak economic activity and growing use of alternative fuels.
Heavier fund selling and weak demand keep diesel prices under pressure, lowering fuel and freight costs for feed buyers.
reuters.comShariq KhanSep 16, 2024Not 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.
