
US distillate inventories, including diesel and heating oil, are rising quickly as consumption slows. Intermodal container volumes on US railroads in October were the lowest for the time of year since 2013.
Reuters links the slowdown to decelerating global manufacturing and freight activity.
Rebuilding inventories and weaker freight demand reduce the pressure on diesel prices. A softer economy also weakens demand for transport and feed deliveries.
Setelah 79 peristiwa makro bearish sebelumnya, ULSD / Solar bergerak median -1,0% selama 5 sesi (39% lebih tinggi; separuh tengah -5,7% sampai +1,7%), dan -1,5% 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.