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Latin American countries from Mexico to Argentina are buying diesel in large volumes as a third wave of near-record import prices hits the region. Mexico's Salina Cruz refinery disruption and Argentina's harvest and winter demand are driving purchases, while Colombia is exporting ULSD again.
Heavy Latin American import demand keeps diesel prices high and tightens global product supply, supporting fuel and freight costs.
worldports.orgJun 15, 2022After 26 past bullish trade events, DIESEL moved a median -1.9% over 5 sessions (31% higher; middle half -5.6% to +1.6%), and -4.8% 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.
