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Energy futures rebounded on March 24 after Monday's selloff, with ULSD up about 20 cents and gasoline up 12 cents. Some tankers began transiting the Strait of Hormuz, while ULSD spreads and Midwest cash basis showed tight physical supply.
Steep ULSD backwardation and deep Midwest cash discounts signal physical diesel tightness that can keep local fuel and freight costs high despite futures swings.
tacenergy.comMar 24, 2026Not 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.
