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Bloomberg reports that US distillate inventories are at record highs for this time of year, with the diesel crack spread falling to $6.56 a barrel, the lowest since June 2010. Air travel cuts have also left jet fuel piling up.
A swollen distillate glut and weak refining margins point to lower diesel prices and weaker crude support, which lowers energy-linked feed and freight costs.
energynow.comSep 17, 2020Not enough comparable past events yet for a historical read.
Not 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.
