# Weekly Energy Market Situation—July 29, 2024 - Fuels Market News

> 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.

- Date: 2024-07-29 · published 2024-07-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29463-weekly-energy-market-situation-july-29-2024-fuels-market-news
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- DIESEL: bearish ▼
- NATGAS: bearish ▼

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/weekly-energy-market-situation-july-29-2024/

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