Loading…
The Colonial Pipeline remained shut after a cyberattack, now in its third day. ULSD futures on CME rose about 1.3% Monday morning, and the Federal Motor Carrier Safety Administration granted an hours-of-service waiver.
A prolonged shutdown of a major East Coast fuel artery tightens diesel supply and raises trucking and freight costs for feed deliveries. The shock could keep wholesale diesel tight into June.
freightwaves.comJohn KingstonMay 10, 2021After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% 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.
