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US gasoline prices were heading lower following a sharp oil selloff while stocks rose. Analysts noted the decline was unusual given a Russian diesel export ban, continued OPEC output cuts and seasonal refinery maintenance.
Falling crude and fuel prices lower energy and freight costs but also weaken the biofuel discount for vegetable oils and corn ethanol, which can soften feed-related commodity prices.
reuters.comLaura SanicolaOct 6, 2023Not 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.
