# Oil Futures Mixed, ULSD Rallies on Tight Distillate Supply

> Front-month ULSD futures rallied above $4.57 a gallon after EIA data showed distillate stocks fell to their lowest level in 14 years, 21% below the five-year average. The drop was larger than analysts expected even as middle-distillate demand stalled.

- Date: 2022-04-27 · published 2022-04-27T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/8168-oil-futures-mixed-ulsd-rallies-on-tight-distillate-supply
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Distillate inventories at multi-year lows leave little cushion against demand, supporting diesel prices and keeping transport costs elevated for feed buyers.

## Read by commodity

- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2022-04-27 | 5 | +23.6% | 3.8 | EIA data showing distillate stocks at a 14-year low, 21% below the five-year average, triggered a ULSD rally to above $4.57 on April 27, directly within the move window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-03-09 | [Global diesel supplies to remain tight until 2027, warns IEA](https://feedsoft.ai/events/66209-global-diesel-supplies-to-remain-tight-until-2027-warns-iea.md) | +1.8% | +5.3% |
| DIESEL | 2026-03-12 | [World faces largest-ever oil supply disruption on Middle East war, IEA says \| Reuters](https://feedsoft.ai/events/9389-world-faces-largest-ever-oil-supply-disruption-on-middle-east-war-iea-says.md) | +15.3% | +5.9% |
| DIESEL | 2018-07-31 | [EIA: U.S. Distillate Fuel Inventories Are Low for This Time of Year - Fuels Market News](https://feedsoft.ai/events/64209-eia-u-s-distillate-fuel-inventories-are-low-for-this-time-of-year-fuels-market.md) | -1.4% | +2.2% |
| DIESEL | 2024-10-04 | [Distillate fuel oil demand will increase in the fall because of the agricultural harvest -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/11686-distillate-fuel-oil-demand-will-increase-in-the-fall-because-of-the.md) | +2.4% | -2.8% |
| DIESEL | 2026-10-28 | [US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters](https://feedsoft.ai/events/271-us-crude-and-distillate-inventories-fall-gasoline-stocks-rise-eia-says-by.md) | -4.2% | — |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2022/04/27/oil-futures-mixed-ulsd-rallies-tight

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