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The EIA's January Short-Term Energy Outlook forecasts Brent averaging $65/b in 2020 and $68/b in 2021, versus $64/b in 2019. It expects IMO's 0.5% marine fuel sulfur cap to lift diesel wholesale margins to a 53 cents/gal peak in March 2020.
Higher diesel margins from the IMO rule raise the cost of distillate fuel, which feeds into freight and on-farm energy costs. Stable Brent forecasts suggest no major change to crude-linked input costs.
fuelsmarketnews.comAbout The AuthorJan 16, 2020After 41 past neutral report events, Crude Oil (Brent) moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.
After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
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.
