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US weekly petroleum product supplied hit an all-time record of 23.2 million barrels a day for the week ending December 10, with distillate demand up 36.8%. Despite this, RBOB and distillate prices have struggled to break above recent resistance levels.
Strong distillate demand supports diesel prices and therefore trucking and feed freight costs, though Omicron concerns are capping price gains.
fuelsmarketnews.comKeith ReidDec 21, 2021Not 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.
