ULSD futures rallied for a sixth straight session on October 28, 2022, reaching a six-month high of about $4.55 per gallon settlement. Low middle-distillate inventories and shortages spreading across the East Coast drove the rally.
Low Mississippi River levels constrained barge traffic, and Valero cut runs at its Memphis refinery by about 20%.
Lower river levels restrict barge movement of fuel and grain, which raises regional diesel costs and farm logistics expenses. Reduced refinery runs tighten supply further, supporting diesel prices into the heating season.
Setelah 113 peristiwa logistik bullish sebelumnya, ULSD / Solar bergerak median +0,6% selama 5 sesi (54% lebih tinggi; separuh tengah -2,8% sampai +4,2%), dan +0,2% selama 20 sesi.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
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.
The sixth straight rally session to a six-month high left prices stretched on thin supply, so the reversal from that peak was larger.