# US diesel futures dip, hit most affordable in over a year on sluggish need, Gaza ceasefire hopes

> 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.

- Date: 2024-08-20 · published 2024-08-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28993-us-diesel-futures-dip-hit-most-affordable-in-over-a-year-on-sluggish-need-gaza
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- energynews.oedigital.com: https://energynews.oedigital.com/energy-markets/2024/08/20/us-diesel-futures-dip-hit-most-affordable-in-over-a-year-on-sluggish-need-gaza-ceasefire-hopes

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