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Reuters columnist Kemp says US freight movements show sustained growth after a freight recession in 2015/16. He expects this to lift domestic diesel consumption in 2017.
Stronger trucking demand supports distillate use and can tighten truck capacity, raising freight costs for feed movements.
reuters.comFeb 16, 2017After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
