U.S. diesel stocks fall to lowest since 2003 as crude stocks drop

After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.

• Feb 2, 2023U.S. diesel stocks start the year critically low | Reuters-2.7%
• Sep 28, 2022Oil prices rise on surprise drop in U.S. crude, fuel stocks+10.2%
• Oct 25, 2018US crude stocks rise as fuel inventories draw down+0.5%
• May 25, 2021API shows crude, fuel stockpiles fall -sources+1.7%
• Oct 9, 2024US crude stocks rose last week, fuel inventories dipped as demand surged, EIA says-4.9%

After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.

• Jan 8, 2025US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says+4.3%
• Oct 25, 2018US crude stocks rise as fuel inventories draw down-2.0%
• Aug 23, 2023US crude stockpiles fall as refining runs hit 2020 high - EIA | Reuters+1.1%
• Oct 9, 2024US crude stocks rose last week, fuel inventories dipped as demand surged, EIA says-4.1%
• Feb 1, 2024EIA: U.S. crude stockpiles rise, products draw on low refining rates-2.6%