# Weekly Energy Market Situation, March 22, 2021 - Fuels Market News

> Oil futures fell sharply in the week ended March 19, with WTI losing $4.19 to settle at $61.42 and ULSD dropping about 20%. Open interest in distillate contracts declined, which the author reads as traders liquidating positions after the rally since November.

- Date: 2021-03-25 · published 2021-03-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48280-weekly-energy-market-situation-march-22-2021-fuels-market-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A pullback in crude and diesel lowers energy and transport costs for feed producers, though the move is a routine price retracement rather than a new supply shock.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/weekly-energy-market-situation-march-22-2021/

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