04.25.2024
US heating oil, distillate fuel consumption lower than usual in Q1
In the first quarter of 2024, US prices for distillate fuel oil — which includes diesel fuels for vehicles and for home heating — was lower than the...
It appears that following downdraft in prices during the first half of March, bean oil prices have found a bottom and are attempting to gain traction. This phenomenon is across most commodity complexes, as even oil prices despite its high inventories are holding ground.
The catalyst now seems to be the recent weakness in the US dollar. Dollar strength dominated the commodity landscape prior to last…