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Energy Intelligence reports that an ongoing recovery in US trucking is supporting diesel demand. Diesel stocks continue to grow, however, as the broader economy remains sluggish and the coronavirus outbreak adds uncertainty.
Firmer trucking demand supports diesel prices, which raise US grain and feed haulage costs. Rising inventories limit the price upside.
energyintel.comJul 22, 2020Not 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.
