#Benchmark international how to#

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#Benchmark international how to#

For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.īy submitting this form you are opting in to receive communications from FreightWaves about our news, products and events.Reply from Benchmark International Aug 12, 2021 You may unsubscribe from these communications at any time. View our Privacy Policy FreightWaves needs the contact information you provide to us to contact you about our products and services. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.īy submitting this form you are opting in to receive communications from FreightWaves about our news, products and events. S&P upgrades flatbed operator Daseke’s debt rating after Moody’s holds the lineįreightWaves needs the contact information you provide to us to contact you about our products and services. That movement is threatened by a potential U.S. movements of crude and products in June at 185,000 barrels a day. The latest full-month data puts intra-U.S. That program is expected to wind down in the next few weeks.Īnother factor: the potential disruption to supply of crude by rail. One is the looming end to releases of oil from the Strategic Petroleum Reserve, which at times have equated to 1 million barrels a day, in essence creating a supply of oil larger than all the oil produced in Algeria, a member of OPEC. There is a list of other factors that are not necessarily new but are now being cited by analysts as the cause of the increase in the past few days. As oil prices and the value of the dollar tend to move in opposite directions, and oil has been lifted by the spectacular increase in the value of the dollar in recent weeks, that now has been unwinding in the last few days as the dollar has weakened. Over the past several trading days, the DXY dollar index contract on the ICE commodity exchange has been down as much as 300 basis points, a steep drop in such a short time. One of the key factors driving markets higher the past few days has been the sudden fall in the value of the dollar. That spread appears to be the highest in the history of the two contracts.īut Brent’s gains outpaced diesel the next three days, and the spread Monday was down to $1.365 a gallon. The spread between front-month Brent and front-month ultra low sulfur diesel (ULSD) on CME stood at $1.4908 a gallon after last Wednesday’s settlement. The result has been significant gains in the benchmark price of Brent crude, which settled last Wednesday at $88 a barrel and is up to $94 after the Monday settlement.ĭiesel has failed to keep up with those gains. In the same way that bearish trends prevailed in the market for the second half of August, traders in the past two trading days suddenly are looking at various bullish factors. 2, closing out that week, and the settlement a week later of $3.5787 on Friday, the benchmark futures price moved just 0.007 cents a gallon.īut what’s significant now are the advances of the past two days. The decline came during a week when futures and wholesale prices were mostly stable, particularly in comparison with the wild volatility of most of 2022.īetween the settlement of $3.5780 a gallon on Sept. The benchmark price used for most fuel surcharges has now dropped 10 of the past 11 weeks and is down 77.7 cents a gallon since its high of $5.81 on June 20. The Department of Energy/Energy Information Administration average retail diesel price fell 5.1 cents a gallon last week to $5.033. Retail diesel prices continue to slide and did so last week even as diesel futures were mostly steady for a change.