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WTI crude was about $55 as of October 28, down 12% since September 16, while ULSD was at $2.05, down 5% over the same period. The ULSD January 2020 futures contract was priced at $1.94.
Weak global demand is keeping crude prices low, while the market has not yet priced in a large IMO 2020 diesel premium. This keeps near-term fuel costs for freight and feed delivery contained.
logisticsmgmt.comGary T. Saykaly, Lakefront Futures’ Trucking, Freight Derivatives GroupOct 16, 2019Not 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.
