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EIA data for the week ended May 14 showed US retail diesel up 6.8 cents to $3.239 a gallon, the eighth straight weekly rise. WTI breached $70 a barrel for the first time since November 2014, closing at $70.70.
Rising retail diesel and crude above $70 raise transport and energy costs for feed buyers. Stock draws in diesel point to tight near-term supply.
fuelsmarketnews.comDr. Nancy YamaguchiMay 15, 2018Not enough comparable past events yet for a historical read.
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.
