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Diesel futures on CME settled down 7.28 cents to $1.6091 a gallon on Feb. 24 during a broad commodity and equity sell-off.
WTI and Brent crude fell about 3.8% each, and trucking stocks declined along with the S&P 500.
Diesel fell more than other assets, which lowers fuel costs for trucking and feed delivery, but the broad sell-off reflects coronavirus-driven demand fears that could persist.
freightwaves.comJohn KingstonFeb 24, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Diesel futures fell 7.28 cents on Feb. 24 amid a broad commodity and equity sell-off with crude down about 3.8%, a direct sentiment and input-cost driver within the window.
