Loading…
US ultra-low sulfur diesel futures on NYMEX settled at $2.263 a gallon on August 20, down slightly but near a 15-month low. The decline reflected weak fuel demand in the US and China.
Gaza ceasefire hopes also weighed on the broader oil market.
Weak diesel demand signals softer economic activity and lower fuel costs for feed and grain logistics. Falling crude-linked energy prices reduce pressure on ag input and freight costs.
energynews.oedigital.comEnergy NewsAug 20, 2024Not enough comparable past events yet for a historical read.
Not 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.
