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OilPrice.com reports that US diesel, jet fuel and heating oil stocks fell over the summer for the first time since 1982, according to a Reuters analysis of EIA data. Distillate stocks are at a three-year seasonal low and 5.2% below the historical average after Hurricane Harvey cut refinery capacity.
Historically low distillate inventories heading into winter raise the risk of price spikes. Price implication is firmer diesel and heating oil.
oilprice.comTsvetana ParaskovaSep 15, 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.
