Loading…
The EIA reported US diesel fell for a fourth consecutive week, down 0.4 cents to $2.558 per gallon, as rising US crude output offset OPEC cuts. Diesel was 55 cents above the year-earlier level.
Lower diesel costs modestly ease trucking and delivered feed costs, though the year-over-year increase remains large.
truckinginfo.comFeb 6, 2017After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% 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.
