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Kemp reports that US inventories of diesel and other distillate fuel oils have failed to recover over the summer and are now critically low. The shortage is keeping upward pressure on refining margins and prices.
Tight distillate stocks keep diesel and freight costs elevated for feed mills and grain handlers. Only a broader slowdown in manufacturing and freight would rebuild stocks and ease the pressure.
reuters.comJohn KempSep 9, 2022Not 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.
