Diesel futures prices roared ahead Wednesday, reacting more to yet another report of tight inventories than the news of a big cut in OPEC+ allocations that should translate into a crude output reduction of unknown size.
Ultra low sulfur diesel (ULSD) prices on the CME commodity exchange climbed 15.11 cents a gallon at the settlement, an increase of 4.27%, to $3.6869 a gallon. It’s the third day in a row of increases on either side of 15 cents, with prices rising 14.75 cents a gallon Monday and...