# Not a permanent high - DHL Freight Connections

> Commerzbank's Eugen Weinberg says diesel has trended higher with strong swings after Brent rose more than 10% on OPEC's unexpected agreement to cut output. He notes the dollar's strength made oil more expensive for European buyers and doubts OPEC will fully comply.

- Date: 2016-12-22 · published 2016-12-22T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/73661-not-a-permanent-high-dhl-freight-connections
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

OPEC-driven crude gains feed through to diesel and energy costs, though the analyst expects the rally may not last indefinitely.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-02-24 | [Oil settles higher on fresh Iran sanctions, Iraq commitment to OPEC+](https://feedsoft.ai/events/26209-oil-settles-higher-on-fresh-iran-sanctions-iraq-commitment-to-opec.md) | -0.9% | -3.0% |
| BRENT | 2018-09-29 | [Brent hits 4-year high as U.S. sanctions on Iran tighten supply](https://feedsoft.ai/events/63234-brent-hits-4-year-high-as-u-s-sanctions-on-iran-tighten-supply.md) | +2.3% | -6.3% |
| BRENT | 2018-12-07 | [OPEC and non-OPEC nations agree on 1.2M barrel per day production cut - UPI.com](https://feedsoft.ai/events/61457-opec-and-non-opec-nations-agree-on-1-2m-barrel-per-day-production-cut-upi-com.md) | +2.2% | -2.9% |
| BRENT | 2024-10-07 | [Diesel benchmark up a few cents; futures prices soar on Mideast concerns - FreightWaves](https://feedsoft.ai/events/11682-diesel-benchmark-up-a-few-cents-futures-prices-soar-on-mideast-concerns.md) | +1.2% | -6.8% |
| BRENT | 2025-02-19 | [Oil holds near one-week high on supply concerns, sanctions on Russia eyed \| Reuters](https://feedsoft.ai/events/26210-oil-holds-near-one-week-high-on-supply-concerns-sanctions-on-russia-eyed-reuters.md) | -4.1% | -6.4% |
| DIESEL | 2026-08-24 | [Diesel Prices Surge, Spot Rates Plunge: Why Trucking Costs Are Disconnected - FreightWaves](https://feedsoft.ai/events/18071-diesel-prices-surge-spot-rates-plunge-why-trucking-costs-are-disconnected.md) | -2.9% | +10.0% |
| DIESEL | 2019-09-22 | [Diesel and Detroit disruptions hit trucking hard and fast - FreightWaves](https://feedsoft.ai/events/57269-diesel-and-detroit-disruptions-hit-trucking-hard-and-fast-freightwaves.md) | -2.4% | -2.0% |
| DIESEL | 2018-09-29 | [Brent hits 4-year high as U.S. sanctions on Iran tighten supply](https://feedsoft.ai/events/63234-brent-hits-4-year-high-as-u-s-sanctions-on-iran-tighten-supply.md) | +1.6% | -2.1% |

## Sources

- dhl-freight-connections.com: https://dhl-freight-connections.com/en/trends/diesel-prices-q4-2016/

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