Loading…
WSJ reports diesel futures have risen roughly 10% since Hurricane Harvey hit the US Gulf Coast. The disruption to flows of the fuel abroad has contributed to a shortfall in Europe.
Lost Gulf refining output and reduced export flows tighten diesel supply and lift prices. Price implication is firmer diesel.
wsj.comChristopher AlessiSep 7, 2017After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
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.
