Low impact
The US Department of Energy proposed loaning nearly one-third of its 1-million-barrel emergency heating oil reserve to curb surging fuel prices, with diesel having hit a record above $6.50 per gallon amid Middle East supply disruptions.
Jin1010/21, 10:19 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
WTI
Would push down
WeeksMedium confidence
A reserve loan could add diesel supply, easing fuel price pressure if implemented
What could change this
If the loan proposal is not implemented or Middle East supply disruptions worsen, diesel and crude prices could stay elevated.
WTI before and after this story
103.27+3.82%vs previous close
+5.47%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
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