
Singapore middle distillate flat prices fell with crude as easing US-Iran rhetoric raised expectations of more Atlantic Basin inflows. The jet fuel flat price fell $8.59/bbl to $149.96/bbl and the 10ppm gasoil flat price slid $12.69/bbl to $153.14/bbl in the week to 12 November.
Cash differentials were stabilising after weeks of losses, with ample regional supply still weighing on them.
Lower Asian gasoil and jet prices reduce diesel and freight cost pressure for feed producers and transport. Ample supply and weak differentials point to limited near-term upside for diesel.
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.