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Crude oil prices fell while diesel stayed close to twice the price of crude, though off September's record. US distillate inventories are about 10% below their five-year seasonal average.
Damaged refineries and lower Gulf and Russian diesel exports, which the IEA estimates at about 1.6 million barrels per day below pre-conflict levels in August, have tightened supply.
A lower crude price does not translate into cheaper transport and fertilizer costs when refined products stay scarce, which keeps freight and input costs high for feed producers. The gap between crude and diesel is the signal to watch for logistics costs.
equiti.comYazeed Abu SummaqaNov 3, 2026Not enough comparable past events yet for a historical read.
Not 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.
