Diesel futures traded lower and RBOB gasoline was slightly higher ahead of Black Friday, with the December ULSD contract down about 36 cents over the week. Chicago diesel basis hit a discount near a two-year low as a winter storm weakened regional demand.
Lower diesel futures and weak regional basis reduce fuel and trucking costs for feed delivery. Peace-deal optimism has eased fears of a winter diesel shortage.
Not 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.
December ULSD down about 36 cents on the week with weak Chicago basis from a winter storm cutting regional demand, confirming continued losses.