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Reuters reports that shortages of diesel and other distillates have become a key bottleneck in the oil market. The article argues that fuel oil is the most cyclically sensitive part of the oil complex and will keep pushing up oil and fuel prices.
Persistent distillate tightness supports higher diesel costs, which lift operating and freight costs for feed producers and their suppliers.
reuters.comJohn KempFeb 9, 2022Not 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.
