Loading…
EIA reported U.S. distillate inventories at 117.7 million barrels at end-June, the lowest end-of-June level since 2004. Distillate consumption rose 5% in the first half of 2018, driven by trucking demand and economic growth.
Tight distillate stocks heading into winter raise the risk of diesel price spikes, which raise hauling and processing costs for feed buyers.
fuelsmarketnews.comFuels Market NewsJul 31, 2018After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
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.
