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Diesel futures fell sharply as signs of weaker US demand, rising inventories, and reports of Chinese exports weighed on the market. ULSD settled at $3.2052 a gallon, down about 38 cents from its September 7 high, faster than the decline in crude.
Futures are falling faster than crude, which narrows refining margins and eases wholesale diesel costs for buyers. Rising inventories suggest the price pressure could persist.
freightwaves.comJohn KingstonSep 15, 2022Not enough comparable past events yet for a historical read.
Not 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.
