Loading…
US retail diesel rose 1.3 cents to $2.54 per gallon, its highest level of 2016, while crude climbed past $53 a barrel. The move reflected growing expectations that OPEC and non-OPEC producers would cut output in 2017.
Higher diesel and crude costs raise transport and processing expenses, and the OPEC production cut expectations point to firmer energy prices into 2017.
ttnews.comRoger GilroyJan 2, 2017Not enough comparable past events yet for a historical read.
Not 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.
