◂ Event Timeline

Jan 17, 2023GEOPOLITICSEurope

DOE/EIA price drops; diesel futures up ahead of EU ban on Russian imports

The DOE/EIA retail diesel price fell 2.5 cents to $4.524 a gallon, while CME diesel futures rose ahead of the Feb. 5 EU ban on Russian diesel imports.

Futures had risen seven straight sessions after a Jan. 4 low.

WHY IT MATTERS

The looming EU ban on Russian diesel is tightening global distillate supply and supporting futures. Higher diesel costs raise transport and feed-milling expenses.

AFFECTSULSD / Diesel▲

SOURCE
freightwaves.comJohn KingstonJan 17, 2023

Price reaction & history

ULSD / Diesel▲bullishSO FAR1d -0.2%5d +8.6%20d -11.9%

After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.

Oct 7, 2024Diesel benchmark up a few cents; futures prices soar on Mideast concerns - FreightWaves+1.6%
Jan 13, 2025Benchmark diesel price up for third week as oil futures markets soar again - FreightWaves+4.9%
Mar 24, 2025Benchmark diesel price up first time in 3 weeks, futures markets edge higher - FreightWaves+0.5%
Mar 31, 2025Benchmark diesel price up for second straight week, futures markets rise sharply - FreightWaves-7.6%
Dec 18, 2023Diesel benchmark down again, futures markets up amid Red Sea tension - FreightWaves+1.0%

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.

ULSD / Diesel DIESEL · GP ▸

——— · ·

Loading…