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U.S. diesel markets are lagging the rest of the oil barrel as refiners shifted output toward diesel during April. Diesel inventories are rising, and diesel demand has fallen less than gasoline and jet demand.
A growing diesel surplus relative to crude points to weaker diesel prices, lowering on-farm and trucking fuel costs for feed supply chains.
freightwaves.comJohn KingstonMay 2, 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.
