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Energy futures rose after US strikes on Iran-linked military targets in Syria, and a deal to lift Venezuela sanctions looked at risk. ULSD Group 3 basis fell from a $1.05-$1.15 premium to a $0.01 discount in a week, while a forecast cold front is expected to lift heating demand.
Expected cold-weather heating demand could tighten distillate supply and support diesel prices, raising freight and fuel costs for feed buyers, though the weakened regional basis limits the upside.
tacenergy.comOct 27, 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.
