# E-Commerce Boom Offers Lifeline for Oil - TT

> E-commerce and restocking have pushed freight volumes above pre-COVID levels, with US large trucks logging 5% more miles than a year earlier. Trucking firms are rejecting a higher share of freight requests amid driver shortages.

- Date: 2020-10-28 · published 2020-10-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50824-e-commerce-boom-offers-lifeline-for-oil-tt
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Stronger trucking and rail demand supports diesel consumption, which could slow the recovery in the diesel surplus and support fuel prices.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-06-18 | [US Trucking Boom Contributes to Rising Demand for Diesel - TT](https://feedsoft.ai/events/46789-us-trucking-boom-contributes-to-rising-demand-for-diesel-tt.md) | +4.7% | +2.0% |
| DIESEL | 2023-09-19 | [Rising fuel costs driving US LTL, truckload costs higher \| Journal of Commerce](https://feedsoft.ai/events/34300-rising-fuel-costs-driving-us-ltl-truckload-costs-higher-journal-of-commerce.md) | -1.2% | -3.5% |
| DIESEL | 2019-02-21 | [Paradigm shift coming for oil industry  - Business in Vancouver](https://feedsoft.ai/events/60797-paradigm-shift-coming-for-oil-industry-business-in-vancouver.md) | +0.3% | -0.5% |
| DIESEL | 2021-10-18 | [Overview: Pressure on Diesel Delivers Boost to Crude Oil \| Energy Intelligence](https://feedsoft.ai/events/44751-overview-pressure-on-diesel-delivers-boost-to-crude-oil-energy-intelligence.md) | -1.3% | -6.7% |
| DIESEL | 2026-05-22 | [Brent’s $100 Forecast May Understate the Risk of a Tighter Oil Market \| Investing.com AU](https://feedsoft.ai/events/19433-brent-s-100-forecast-may-understate-the-risk-of-a-tighter-oil-market-investing.md) | -9.5% | -20.7% |
| WTI | 2017-01-24 | [Is it too late for a Colombian oil boom? \| Global Risk Insights](https://feedsoft.ai/events/73274-is-it-too-late-for-a-colombian-oil-boom-global-risk-insights.md) | -0.3% | +2.4% |
| WTI | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -0.6% | +12.6% |
| WTI | 2022-05-02 | [Perspective: Mid-Day Commentary for May 2](https://feedsoft.ai/events/5844-perspective-mid-day-commentary-for-may-2.md) | +4.9% | +9.9% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/e-commerce-boom-offers-lifeline-oil

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