# US Diesel Futures Follow Crude Oil Prices

> February 2017 NY Harbor ULSD futures fell 1.8% to settle at $1.66 per gallon on December 21, 2016, despite a drop in distillate inventories. Bearish crude oil prices pressured diesel, while EIA data showed US on-highway diesel rising 1.2% to $2.52 per gallon for the week ending December 19.

- Date: 2016-12-22 · published 2016-12-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73645-us-diesel-futures-follow-crude-oil-prices
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Diesel is a major freight and farm input cost, so lower futures ease transport and fuel expenses for feed buyers. The move tracks crude, so direction for feed prices is limited.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- marketrealist.com: https://marketrealist.com/2016/12/us-diesel-futures-follow-crude-oil-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.