The Sudden Demand Crash: Gasoil Falls, DXY on the Edge, Cracks Collapse
Gasoil prices broke down decisively again today, with the prompt ICE contract settling at $667/mt — now well below key technical levels. The rejection at the 200-week moving average near $773 has turned the weekly chart bearish, reinforcing the impression that traders are preparing for a macro demand shock. Sep/Oct and Sep/Dec spreads continue to flatten, and the price action suggests more than just seasonal softness — it reflects real anxiety about future throughput.
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