# Weekly Energy Market Situation, June 14, 2021 - Fuels Market News

> The June STEO projected limited crude price increases as OPEC, Russia and US output grows. Private analysts were more bullish, with WTI gaining about $10 since mid-May and new highs set almost daily, while product prices lagged crude.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/46792-weekly-energy-market-situation-june-14-2021-fuels-market-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Crude and distillate direction feed into diesel, freight and energy-linked input costs for feed buyers. The divergence between crude and products suggests product prices may soften relative to crude.

## Read by commodity

- WTI: bullish ▲
- DIESEL: neutral
- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-07-17 | [Weekly Energy Market Situation, July 17, 2017 - Fuels Market News](https://feedsoft.ai/events/70127-weekly-energy-market-situation-july-17-2017-fuels-market-news.md) | -1.6% | +4.9% |
| WTI | 2019-07-31 | [Market Report & Analysis for 7/31/2019 Morning Edition - Fuels Market News](https://feedsoft.ai/events/11291-market-report-and-analysis-for-7-31-2019-morning-edition-fuels-market-news.md) | -7.6% | -5.3% |
| WTI | 2021-10-06 | [ICE weekly outlook: Canola feeling the energy - Grainews](https://feedsoft.ai/events/44670-ice-weekly-outlook-canola-feeling-the-energy-grainews.md) | +2.1% | +6.1% |
| WTI | 2021-11-01 | [October 2021 Market Letter - IASG](https://feedsoft.ai/events/7317-october-2021-market-letter-iasg.md) | -2.7% | -16.3% |
| WTI | 2020-11-09 | [Oil price crests $41 on vaccine-fueled market rally](https://feedsoft.ai/events/11795-oil-price-crests-41-on-vaccine-fueled-market-rally.md) | +8.0% | +23.5% |
| DIESEL | 2018-08-27 | [Weekly Energy Market Situation, August 27, 2018 - Fuels Market News](https://feedsoft.ai/events/63726-weekly-energy-market-situation-august-27-2018-fuels-market-news.md) | +1.8% | +3.9% |
| DIESEL | 2023-02-24 | [Week in Review – February 24, 2023 - Mansfield Energy](https://feedsoft.ai/events/37502-week-in-review-february-24-2023-mansfield-energy.md) | +6.1% | -1.0% |
| DIESEL | 2020-09-17 | [Secondary Market Demand Crucial to Diesel Recovery \| Energy Intelligence](https://feedsoft.ai/events/51275-secondary-market-demand-crucial-to-diesel-recovery-energy-intelligence.md) | -0.9% | +7.3% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/weekly-energy-market-situation-june-14-2021/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.