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The EIA reported average diesel rose 1.3 cents to $2.493 per gallon, and diesel futures have gained more than 10% since OPEC agreed in late November to cut production. WTI was trading at $53.06, down from a 17-month high of $54.51.
Diesel strength raises freight and fuel surcharge costs for feed supply chains, though the cited crude pullback offers some offset.
supplychain247.comJeff BermanDec 13, 2016Not 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.
