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Energy Intelligence reports that diesel and jet fuel are leaving European tanks as traders ship cargoes to the US and Latin America. Gulf Coast refiners are rapidly restoring capacity after Tropical Storm Harvey and Hurricane Irma.
Continued European exports to the Americas tighten European diesel supply, though restored US refining eases pressure. Price implication is mixed to firmer diesel.
energyintel.comSep 14, 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.
