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US distillate inventories rose modestly since early October as manufacturing and freight slowdowns combined with high refinery runs, but remain very low by historical standards. Inventories stood at 118 million barrels in late January.
Tight distillate stocks leave diesel vulnerable to price spikes if freight volumes rise or refineries cut runs, a supportive factor for diesel-linked logistics costs.
reuters.comJohn KempFeb 2, 2023After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
