Loading…
US diesel stockpiles rose to 163 million barrels, the highest since October 9, as exports to Latin America fell to 714,000 barrels a day, the lowest since September 2017. Diesel imports from Europe are rising and West Coast inventories hit their highest since January 2018.
Ample US distillate supply and weaker export demand are bearish for diesel prices, which lowers fuel and freight costs for feed makers.
worldoil.comJeffrey BairJan 13, 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.
