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Europe's diesel market is tightening, with the crack spread from Brent reaching about $21 a barrel on Friday, a two-month high. Immediate prices have also strengthened relative to later delivery, a sign of tighter near-term supply.
A stronger European diesel crack signals firmer refined fuel demand and higher diesel costs for logistics in Europe. It is a modest signal for energy-linked input costs.
bloomberg.comRachel GrahamJun 14, 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.
