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US East Coast fuel suppliers are scrambling for distillate supplies ahead of planned maintenance at two key refineries. Inventories in the region are already low ahead of winter, and benchmark diesel futures rose 7.6% over the prior month.
Tight regional distillate supply and maintenance-driven outages support higher diesel prices and freight costs into the fall.
reuters.comLaura SanicolaSep 12, 2023After 113 past bullish logistics events, DIESEL moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
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.
