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EIA data showed US gasoline stocks fell to a ten-month low of 213 million barrels, while diesel stocks rose to a seven-month high of 106 million barrels. Distillate inventories remain 17% below their five-year average amid global supply shortages.
Tight distillate supplies keep diesel costs elevated, raising freight and operating costs for feed mills and grain logistics.
qcintel.comSep 14, 2022After 105 past bullish macro events, DIESEL moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.
After 102 past neutral macro events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% 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.
