# Fuels Market Watch Weekly, July 12th Edition - Crude, Gas, Diesel Forward Prices

> WTI crude recovered above $60 per barrel for the first time in seven weeks, even as U.S. output hit a record and inventories fell sharply. Iranian military boats tried to seize a British tanker, and diesel futures opened the week up 8 cents (4.3%) on renewed geopolitical tension, weather and tighter supply.

- Date: 2019-07-12 · published 2019-07-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58286-fuels-market-watch-weekly-july-12th-edition-crude-gas-diesel-forward-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher crude and diesel prices raise fuel and freight costs for feed production and delivery, and geopolitical risk in the Gulf adds upside volatility.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/fuels-market-watch-weekly-for-7-12-2019/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.