Loading…
ULSD futures swung sharply intraday over three sessions, losing about 43 cents on the front month. The drop followed COVID lockdowns in Shanghai that raised demand fears, while Ukraine-Russia peace talk headlines added volatility.
Demand worries from China lockdowns push diesel prices lower in the short term, while sanction and supply uncertainty keeps the market volatile. Feed buyers should expect continued swings in fuel costs.
burkeoil.comMark PszenicznyMar 30, 2022Not 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.
