# Tide of diesel from the East imperils Europe's rally

> Europe has become a key diesel supplier to Latin America and the U.S. East Coast, draining its stocks below the five-year average for the first time in years. This has pushed benchmark diesel prices to a multi-year high.

- Date: 2017-10-24 · published 2017-10-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/68643-tide-of-diesel-from-the-east-imperils-europe-s-rally
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight distillate supplies raise diesel costs for freight and farm operations, feeding into higher transport and input costs for feed buyers.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/europe-diesel/tide-of-diesel-from-the-east-imperils-europes-rally-idUKL8N1MY546/

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