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Powerhouse's weekly energy update reports US distillate demand near five-year October highs, distillate stocks at a five-year low of 119.8 million barrels, and growing IMO 2020 storage. Crude prices ended October with low volatility amid trade-war uncertainty.
Low distillate stocks and firm demand point to tighter diesel supply into winter, supporting diesel prices and freight costs.
fuelsmarketnews.comAlan H LevineNov 5, 2019After 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.
