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U.S. distillate inventories, especially ULSD and heating oil, are at their lowest pre-winter level in three years after falling during the summer for the first time since records began in 1982. Rising diesel exports and Gulf Coast refinery shutdowns during and after Hurricane Harvey contributed to the drawdown, while distillate prices and refining margins have risen.
Low distillate stocks heading into heating season raise the risk of higher diesel and heating oil prices this winter, increasing fuel and freight costs for feed buyers.
rbnenergy.comHousley CarrNov 14, 2017Not 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.
