
US distillate stocks remain about 33% above year-ago levels and ULSD margins are sharply lower year over year. Refinery runs are expected to weaken as gasoline demand seasonally declines after Labor Day.
Global crude time spreads moved into deeper contango, signaling softening refinery-level demand.
Excess diesel and crude inventories and falling refinery runs point to weaker energy demand and bearish crude pricing over the coming weeks.
在过去 171 次看跌的报告事件之后,原油(WTI) 在 5 个交易日内中位数变动 -1.5%(37% 上涨;中间一半区间为 -4.8% 至 +1.9%),20 个交易日内为 -0.9%。
在过去 129 次看跌的报告事件之后,原油(Brent) 在 5 个交易日内中位数变动 -1.3%(45% 上涨;中间一半区间为 -3.9% 至 +2.5%),20 个交易日内为 +0.4%。
在过去 86 次看跌的报告事件之后,ULSD / 柴油 在 5 个交易日内中位数变动 -0.9%(37% 上涨;中间一半区间为 -4.3% 至 +0.9%),20 个交易日内为 +0.4%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。
Elevated US distillate stocks and weak ULSD margins, with seasonally weaker refinery demand after Labor Day, left diesel vulnerable to a selloff.