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Powerhouse's weekly energy review says expected seasonal strength in ULSD futures has failed to appear. It cites falling open interest, refiners cutting back runs, and bearish natural gas sentiment.
Lack of open interest support and reduced refinery runs suggest diesel prices may stay weak in the near term. Lower diesel costs also feed into lower fuel surcharges for feed deliveries.
fuelsmarketnews.comKeith ReidJul 29, 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.
