# Weekly Energy Market Situation—June 18, 2024 - Fuels Market News

> ULSD futures have diverged sharply from their usual April to June seasonal rise this year. EIA data show ULSD demand on a 4-week rolling average fell to 11.6% below 2023 levels by late March, after running 2.2% ahead in the week ended March 22.

- Date: 2024-06-20 · published 2024-06-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29977-weekly-energy-market-situation-june-18-2024-fuels-market-news
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weaker diesel demand relative to last year suggests limited support for diesel prices and freight costs. A demand recovery would be needed to reverse the seasonal weakness.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/weekly-energy-market-situation-june-18-2024/

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