
An Arctic air mass pushed up heating oil demand in the US Northeast this year. Distillate inventories, including diesel and heating oil, fell to their lowest seasonal level since 2014.
The four-week average of distillate demand reached 3.9 million barrels per day.
Low distillate stocks and strong heating demand tighten diesel supply and support prices into spring. Cold-driven demand can offset weak industrial consumption.
Setelah 39 peristiwa cuaca bullish sebelumnya, ULSD / Solar bergerak median +2,4% selama 5 sesi (59% lebih tinggi; separuh tengah -4,5% sampai +6,1%), dan +8,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.