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ULSD futures swung sharply in March 2022, rising above $4.60 before falling near $3.00 and then recovering to about $4.00. Traders are reacting to Russia-related headlines and to a weekly inventory report that showed large draws across products.
Intraday moves were also unusually wide.
Volatile diesel futures make fuel budgeting harder for feed buyers and haulers. Inventory draws point to tight near-term supply that supports prices.
burkeoil.comMark PszenicznyMar 24, 2022Not 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.
Describes ULSD recovering from near $3.00 to about $4.00 on Russia headlines and large inventory draws, matching the 26% five-day rally.
