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December ULSD futures rose about 9 cents to near $4.22 a gallon after dipping below $4 on Tuesday, while crude fell. US distillate stocks dropped 3.6 million barrels to 99.3 million, about 13% below the five-year average.
Tight distillate supply keeps diesel cracks high, raising fuel and freight costs for feed producers and logistics even as crude falls.
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.