# Crude oil tumbles aren't helping diesel

> U.S. diesel futures barely responded to Monday's drop in global crude prices, and diesel remains more than 100% above its end-2025 level. The correlation between U.S. diesel futures and Brent has largely broken down over the past couple of months. Attacks on refineries in the Gulf and Ukraine's drone strikes on Russian refineries have cut diesel exports to world markets.

- Date: 2026-11-03 · published 2026-11-03T15:09:23.501Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/77858-crude-oil-tumbles-aren-t-helping-diesel
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Diesel is decoupling from crude because the bottleneck is refining capacity, not crude supply, so falling crude prices do not lower diesel costs for farm and freight users. Feed buyers should expect logistics and drying costs to stay elevated even when crude moves lower.

## Read by commodity

- BRENT: neutral
- DIESEL: bullish ▲

## Sources

- axios.com: https://www.axios.com/2026/11/03/diesel-oil-iran-infrastructure

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