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Reuters reports that US supplies of diesel and heating oil have dwindled as refiners struggle to replenish stocks after pandemic-era closures and deferred maintenance. Demand is running above pre-pandemic levels on strong trucking, manufacturing and European exports.
Low US distillate stocks and firm demand suggest diesel prices could stay elevated for months, raising feed transport and processing costs.
reuters.comLaura SanicolaFeb 4, 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.
