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The Hightower Report says US ULSD inventories are the tightest versus a year ago in the petroleum complex, with a year-over-year diesel stocks deficit of 30.8 million barrels. US refinery runs are near 15% below capacity, and the author expects ULSD demand to rise moderately over the next two months as trucking and holiday shipping pick up.
Tight distillate stocks and rising demand point to firmer diesel prices, which feed directly into freight and feed-delivery costs for buyers.
interactivebrokers.comDavid HightowerNov 2, 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.
