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US distillate fuel oil inventories fell by more than 2 million barrels in the latest week, according to EIA data. The article describes a worsening diesel shortage that suggests the economy is hitting capacity limits.
Falling distillate stocks tighten the US diesel supply and support higher pump and freight prices. Transport costs for feed ingredients would rise with them.
reuters.comJohn KempAug 5, 2022After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
