U.S. distillate fuel demand climbed to 4.75 million barrels per day last week, the strongest level since January 2022, according to EIA data, underscoring firm consumption for diesel and heating oil. The demand backdrop adds support to Oil – US Crude prices, as tighter middle distillate markets often translate into stronger refinery margins and reinforce crude intake.
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Over the past month, Natural Gas has fallen about 12%, reflecting ample supply and mild seasonal dynamics, while U.S. crude is up nearly 10%, tracking the improved demand picture. On a one-day basis, technical indicators point to a Strong Buy signal for U.S. crude and a Sell stance for natural gas, hinting at diverging short-term momentum between the two benchmarks.
Investors can explore more updates, prices, and analysis across global markets at Commodities.