# What looms ahead for fuel prices in 2018? -  | Ag Proud

> OPEC's production cuts from late 2016 lifted crude from about $35 to about $64 per barrel. ULSD futures traded near $2.05 by mid-January, roughly 35 cents above the start of 2017. Cold in the Northeast and Midwest also boosted heating oil demand.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67183-what-looms-ahead-for-fuel-prices-in-2018-ag-proud
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Producer-led supply restraint and seasonal heating demand keep crude and diesel firm, raising fuel and fertilizer input costs. US shale response may cap gains over time.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-02-01 | [Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q](https://feedsoft.ai/events/48814-analysis-global-fuel-prices-jump-as-asia-u-s-to-rev-up-demand-in-2q.md) | +8.9% | +16.1% |
| WTI | 2020-12-23 | [Freight boom fuels shipping and oil prices](https://feedsoft.ai/events/49840-freight-boom-fuels-shipping-and-oil-prices.md) | +2.7% | +11.2% |
| WTI | 2016-12-28 | [Diesel prices to start edging up in 2017 - Grainews](https://feedsoft.ai/events/73665-diesel-prices-to-start-edging-up-in-2017-grainews.md) | +0.2% | +0.5% |
| WTI | 2017-05-11 | [USD/CAD: a lift in oil prices coming?  - Nomura — Octa](https://feedsoft.ai/events/71240-usd-cad-a-lift-in-oil-prices-coming-nomura-octa.md) | +3.7% | -3.4% |
| WTI | 2017-01-09 | [Oil Prices: What to Make of the Volatility](https://feedsoft.ai/events/73142-oil-prices-what-to-make-of-the-volatility.md) | -3.0% | -1.8% |
| DIESEL | 2018-06-18 | [Analysis: What Higher Fuel Prices Mean for Trucking \| Heavy Duty Trucking](https://feedsoft.ai/events/64701-analysis-what-higher-fuel-prices-mean-for-trucking-heavy-duty-trucking.md) | +2.1% | -1.3% |
| DIESEL | 2026-09-25 | [What’s behind the latest surge in grain and oilseed prices?](https://feedsoft.ai/events/17495-what-s-behind-the-latest-surge-in-grain-and-oilseed-prices.md) | -2.3% | +6.2% |
| DIESEL | 2019-06-10 | [New marine fuel rules to boost diesel prices for at least a year: analysts](https://feedsoft.ai/events/58772-new-marine-fuel-rules-to-boost-diesel-prices-for-at-least-a-year-analysts.md) | +0.2% | +3.9% |

## Sources

- agproud.com: https://www.agproud.com/articles/32323-what-looms-ahead-for-fuel-prices-in-2018

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.