# March Comes in Like a Lion -ULSD See-Saws on Russia, Inventories

> 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.

- Date: 2022-03-24 · published 2022-03-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5946-march-comes-in-like-a-lion-ulsd-see-saws-on-russia-inventories
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Volatile diesel futures make fuel budgeting harder for feed buyers and haulers. Inventory draws point to tight near-term supply that supports prices.

## Read by commodity

- DIESEL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2022-03-21 | 5 | +26.2% | 4.7 | Describes ULSD recovering from near $3.00 to about $4.00 on Russia headlines and large inventory draws, matching the 26% five-day rally. |

## Sources

- burkeoil.com: https://www.burkeoil.com/value-added-services/energy-market-updates/march-comes-in-like-a-lion-ulsd-see-saws-on-russia-inventories

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