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ULSD spot prices fell about 30 cents over the past month, with the futures curve moving out of backwardation into carry. Coronavirus is cited as eating into demand.
Natural gas saw light support.
A shift to a bearish carry curve signals weaker near-term diesel demand and ample inventory, pointing to lower diesel and freight costs for feed buyers.
fuelsmarketnews.comAbout The AuthorFeb 11, 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.
