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OPIS summarizes three forecasts pointing to high diesel prices this summer, citing global demand growth outpacing supply and low US and EU inventories. Energy Aspects expects falling inventories and rising consumption to pressure diesel markets.
Tight diesel inventories suggest elevated fuel costs for trucking and grain logistics through summer. Higher diesel also feeds into freight rates and input costs for feed producers.
opis.comMay 7, 2018After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
