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Diesel futures have been volatile, falling over 30 cents and then recovering 30 cents in four sessions. Hurricane-related Gulf production outages, stronger demand figures, and reported leaks on the Nord Stream gas pipeline are cited as supports.
Possible Nord Stream disruption could pull US diesel exports to Europe and keep US prices elevated. Hurricane risk to Gulf ports adds short-term regional price spikes.
burkeoil.comMark PszenicznySep 29, 2022After 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.
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.
