Loading…
Commerzbank analysts expect diesel supply to ease in the coming months due to seasonal demand weakness, strong US production growth, and speculators pulling back. Brent crude rose above $65 per barrel, its highest in about two and a half years, helped by speculative buying.
A weaker dollar has cushioned euro-based diesel prices.
Expected seasonal softness and speculative unwinding point to lower diesel prices ahead, though a crowded trade adds downside risk. Feed buyers may see easing fuel costs in the near term.
dhl-freight-connections.comJan 9, 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.
