Benchmark diesel price rose despite futures fall, reflecting potential long-term strategic goals

From Yahoo Finance: 2025-04-08 15:30:00

The benchmark diesel price rose despite a collapse in futures prices, with the DOE/EIA price up 4.7 cents to $3.639. This increase reflects a rise in ULSD prices on the CME exchange, followed by a steep decline to $2.0699 on Monday. Oil markets rebounded slightly midday Tuesday, with ULSD up 1%. OPEC+ proceeded with production increases this month, despite falling prices, signaling potential long-term strategic goals. The DOE/EIA price is now released on Tuesday mornings, effective for the prior day. Oil markets remain volatile, with crude moving up or down by a greater percentage than gasoline or diesel.



Read more at Yahoo Finance: Benchmark diesel price up as pump number lags big fall in futures markets