# Tight supplies could have diesel prices rising | The Western Producer

> An analyst at The Price Futures Group said U.S. oil stocks were about 5% below the five-year average and urged farmers to stock up on diesel before winter. Brent closed at $72.16 and WTI at $62.52 on November 5, both more than 15% below early-October four-year highs. Reports say China is ordering western provinces to boost diesel and heating fuel purchases, and Russia is considering export duties on oil.

- Date: 2018-11-06 · published 2018-11-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/62227-tight-supplies-could-have-diesel-prices-rising-the-western-producer
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight global distillate supplies and a possible cold winter could push diesel prices up sharply from current levels. Higher diesel raises farm fuel and freight costs for feed buyers.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- producer.com: https://www.producer.com/news/tight-supplies-could-have-diesel-prices-rising/

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