CPI Data and China Easing COVID Policy Hits Commodity & Energy Prices: Could the U.S. Run Out of Diesel?

Energy markets higher w/ sharply lower dollar and China easing COVID policy. What’s the outlook for energy prices and could the U.S. run out of diesel supplies? Michelle Rook asks John Wenzel with StoneX Financial.

Energy markets are sharply higher with the sharply lower dollar and the easing of China’s COVID restrictions. What is the outlook for energy prices and what about the diesel shortage? Are we in jeopardy of running out of diesel supplies in the U.S.? Michelle Rook talks with John Wenzel with StoneX Financial.

AgWeb-Logo crop
Related Stories
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
Read Next
As producers navigate financial strain and D.C. disconnect, realities such as steep input costs, trade frustrations and E15 limbo are becoming decisive factors shaping the rural vote.
Get News Daily
Get Market Alerts
Get News & Markets App