# Diesel Inches Up 0.2¢ to $2.903; Oil Nears $60 a Barrel - TT

> The U.S. average retail diesel price rose 0.2 cent to $2.903 a gallon for the week beginning December 25, according to the Department of Energy. WTI crude climbed above $59 a barrel, its highest since June 2015, as forecasts pointed to tighter supplies. The EIA said the distillate market is increasingly tight, making ULSD price increases more likely this winter.

- Date: 2017-12-26 · published 2017-12-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67668-diesel-inches-up-0-2-to-2-903-oil-nears-60-a-barrel-tt
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude and tight distillate stocks lift trucking and farm fuel costs, and they add to the energy input costs that feed and biofuel margins rely on. Continued OPEC-led supply restraint keeps upward pressure on diesel prices.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Sources

- ttnews.com: https://www.ttnews.com/articles/diesel-inches-02-cent-2903-oil-nears-60-barrel

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