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FreightWaves examines who profits as oil prices swing from early October lows through the start of 2019. It explains that exploration and production firms gain from higher crude prices, while downstream users like truckers prefer lower prices.
The piece also notes the gap between CME ULSD futures and retail pump prices.
This is general market commentary on margins rather than a new supply or demand shock, so it has little direct effect on feed commodity prices.
freightwaves.comJohn KingstonJan 18, 2019Not 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.
