# WTI, ULSD End Lower as Weak Demand Undercuts Crude Draw

> WTI and ULSD futures settled lower after EIA reported a 6.4 million barrel crude stock draw driven by record-high US crude exports. Weak domestic gasoline and distillate demand offset the draw.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30910-wti-ulsd-end-lower-as-weak-demand-undercuts-crude-draw
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Soft domestic fuel demand and weak trucking activity point to lower diesel and crude prices, which feed through to freight and input costs.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2024/04/24/oil-rallying-us-crude-draw-rate-cut

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