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Crack spreads have been extremely elevated, at times near or above $100 per barrel earlier in October, and remain historically high. US retail diesel has stayed above $6 per gallon and inventories are low ahead of the Northern Hemisphere heating season.
Low distillate inventories and high crack spreads point to continued diesel and heating-fuel price strength, supporting energy-linked costs.
Not 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.