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Weekly energy market commentary notes that futures prices rose while open interest declined over the past month. It describes a tight supply-demand balance and a doubling of LNG exports.
The analysis covers ULSD futures, which posted historic price swings between mid-February and mid-March.
A tight supply-demand balance and rising prices point to continued upward pressure on diesel and crude, raising transport and fertilizer costs for feed producers. The falling open interest suggests the recent rally may be losing momentum.
fuelsmarketnews.comKeith ReidMar 23, 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.
