This week, the oil market witnessed a significant rebound, driven by a confluence of factors including a weaker dollar and revised demand forecasts from major energy organizations.
U.S. manufacturing activity has declined for the 13th consecutive month.
Surprisingly, diesel demand has not followed a similar trajectory as the manufacturing sector.
With experts predicting that the manufacturing downturn may be drawing to a close, it will be interesting to see how the energy markets respond with diesel stocks already severely depleted.