
Truck News columnist Roger McKnight argues diesel prices will rise after IMO 2020, even though they have fallen so far. He says surplus marine bunker inventories and weak gasoline cracks pushed vacuum gas oil into distillate production, depressing diesel.
Mild winter weather has also reduced distillate demand in heating oil markets.
The expected reversal in diesel prices would raise trucking and fuel costs for feed deliveries in coming months. Lower distillate demand is a near-term bearish factor.
Setelah 105 peristiwa makro bullish sebelumnya, ULSD / Solar bergerak median -0,4% selama 5 sesi (45% lebih tinggi; separuh tengah -3,4% sampai +1,8%), dan +1,2% 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.