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Record low Rhine river levels halted barge traffic in the Amsterdam-Rotterdam-Antwerp region, and German strategic stocks released 180,000 metric tons of ultra-low-sulfur diesel as an emergency measure. The drought had already disrupted the European diesel market for months.
Barge shutdowns raise freight costs and tighten regional diesel supply, which supports diesel prices and the cost of moving grain and feed on European inland waterways.
energyintel.comOct 31, 2018After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
Not 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.
