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Crude oil futures reached a two-year high of $64.65 a barrel on Nov. 7 and remained close to that level.
Diesel demand had accelerated in September after hurricanes and European refinery fires, and diesel prices have since weakened as those refinery issues normalize.
Crude strength with softening diesel signals a narrowing in the crude-to-diesel relationship, which matters for the cost of fuel and transport inputs in feed supply chains.
bloomberg.comAlex Longley, Bill Lehane, Firat KayakiranNov 9, 2017Not 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.
