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US distillate inventories are normalizing as fuel demand slows. Retail diesel averaged $3.94 a gallon, about 15% below a year earlier, with weak freight demand reducing diesel use by heavy trucks.
Softer distillate demand and normalizing stocks point to lower diesel prices, easing transport costs for feed supply chains.
reuters.comLaura SanicolaJan 12, 2024Not 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.
