# Diesel Dip Gives Record Bullish Oil Traders Pause for Thought - Bloomberg

> 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.

- Date: 2017-11-09 · published 2017-11-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/68174-diesel-dip-gives-record-bullish-oil-traders-pause-for-thought-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-11-09/diesel-dip-gives-record-bullish-oil-traders-pause-for-thought

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