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Robust global demand for diesel and middle distillates has helped fuel the crude oil rally since late August. Arctic temperatures in the US added to heating oil needs.
Refiners are shifting output toward diesel, which may now limit further crude gains.
Refiner shifts toward diesel tighten distillate supply and support fuel prices, while higher crude could cap further upside. Feed buyers face elevated fuel and freight costs.
wsj.comChristopher AlessiJan 18, 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.
