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Gasoline inventories are above the five-year average, while distillate stocks remain well below average after the Russian invasion of Ukraine and fall refinery turnarounds. Natural gas storage injections came in below expectations.
Tight distillate supply supports diesel prices and refiner margins, which raises fuel and freight costs for feed operations. Gasoline surplus limits upside in total crude demand.
fuelsmarketnews.comKeith ReidOct 31, 2023Not 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.
