# Sell-off’s impact on truckers: diesel is way down; so are trucking stocks - FreightWaves

> 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.

- Date: 2020-02-24 · published 2020-02-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9357-sell-off-s-impact-on-truckers-diesel-is-way-down-so-are-trucking-stocks
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2020-02-26 | 5 | -11.9% | -3.7 | 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. |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/sell-offs-impact-on-truckers-diesel-is-way-down-so-are-trucking-stocks

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.