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The EIA reported that the average US diesel price rose 3.2 cents to $2.571 per gallon, the first weekly increase in six weeks. The price is 18.9 cents higher than a year earlier.
WTI crude was trading near $47.96 per barrel.
A rise after six weeks of declines signals firming distillate costs at the pump, which feeds into freight and feed-delivery expenses. Crude near $48 keeps the energy backdrop soft.
stage.logisticsmgmt.comLM StaffMay 31, 2017After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% 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.
