Diesel Demand Sinks, Pushing Market Prices Lower

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September 26, 2022 Alan Apthorp After closing Friday below $80/bbl for the first time since January, crude markets are continuing their selloff. CFTC data shows that all oil products are seeing reduced buying among institutional investors (hedge funds, money managers, etc), with diesel demand shedding the equivalent of 39 million barrels of holdings over the past 3 weeks. Demand data seems …