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Brent crude and diesel futures both fell by roughly $19 per barrel over three sessions, but diesel’s premium over crude remained near $82 per barrel. U.S. distillate stocks dropped 3.6 million barrels in the week ended October 30 to 99.3 million barrels, reflecting tight supplies of diesel and heating oil.
Low distillate inventories and a persistently high refining premium can keep diesel costs elevated even when crude prices fall, sustaining pressure on farm fuel and freight expenses. The crude decline itself is bearish for crude benchmarks, but does not resolve the diesel supply tightness.
energynewsbeat.comClark SavageNov 9, 2026After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
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.
