# Europe’s Diesel Market Slides From Mind-Blowing to Amazing - Bloomberg

> European diesel futures premiums over Brent have narrowed sharply, from nearly $60 a barrel a month ago to around $35 now. The compression follows the earlier spike in immediate diesel prices after Russia's invasion of Ukraine.

- Date: 2022-07-22 · published 2022-07-22T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/40689-europe-s-diesel-market-slides-from-mind-blowing-to-amazing-bloomberg
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A narrower diesel crack signals easing European fuel tightness, which lowers operating costs for farm machinery, freight and processing. It is a market-level move with limited direct effect on feed ingredient supply.

## Read by commodity

- BRENT: neutral
- DIESEL: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-07-22/europe-s-diesel-market-slides-from-mind-blowing-to-amazing

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.