# Americas: Speculators Buy Up US Diesel | Energy Intelligence

> Hedge funds and money managers hold a record number of Nymex diesel futures contracts betting on higher prices, while trimming bearish bets. U.S. diesel inventories are relatively low, exports have reopened, and the refining complex is back online after prior hurricanes.

- Date: 2017-11-02 · published 2017-11-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68178-americas-speculators-buy-up-us-diesel-energy-intelligence
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Record speculative long positions combined with low stocks and firm export demand raise the risk of further diesel price gains, which affect transport and fuel costs.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7d3-de4c-a17b-e7d3400e0000

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