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Refiners are expected to earn strong profits in the third quarter and beyond because diesel margins widened. Supply interruptions and lower crude costs boosted the gap between product prices and crude.
Strong diesel margins signal tight distillate supply, which tends to keep diesel and freight costs elevated for feed logistics.
reuters.comDevika Krishna KumarOct 19, 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.
