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Independent oil product stocks in the ARA hub fell about 2% week on week to 5.6 million tonnes, led by a 5% drop in gasoil. Falling Rhine water levels have increased gasoil barge traffic ahead of expected higher freight rates.
Falling Rhine levels and tighter European gasoil stocks raise barge freight costs on the river, which can lift inland logistics costs for grain and feed moving in Europe.
insights-global.comadminJun 22, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
