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US diesel consumption is running strong as trucking volumes rise with consumer goods shipments and restocking. Diesel demand is expected to stay firm into 2022, supporting the case that oil demand is recovering.
Sustained diesel demand supports distillate prices and keeps freight costs elevated for feed distribution. The trend reinforces a firm energy backdrop for transport-heavy supply chains.
ttnews.comJeffrey BairJun 18, 2021After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.
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.
