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Seasonal U.S. trends are lifting product demand as refineries return from maintenance. The U.S. is pulling in gasoline from Europe and using more diesel, while Asian export demand absorbs extra barrels.
Weekly EIA data shows sharply higher U.S. product consumption and continued stock draws.
Stronger U.S. diesel demand and falling stocks support diesel prices, which feed into freight and fuel costs for feed mills. The effect is a seasonal firming rather than a major shock.
energyintel.comApr 3, 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.
