Gasoil Price OutlookEuropean low sulfur gasoil prices soared in early October to a near four-year high, boosted by the recent rally in oil prices and strong market fundamentals. On 5 October, gasoil traded at USD 723 per metric ton, which was up 7.3% from the same day last month. Moreover, the price was 20.6% higher on a year-to-date basis and was up 42.0% from the same day last year. Gasoil’s recent surge was mainly driven by developments in the crude oil market, particularly by further U.S. sanctions on Iranian oil exports effective 4 November. Moreover, demand-side pressures likely remained strong, supported by the shipping industry and solid industrial production. On the other hand, European distillate inventory levels continued to improve and return closer to average levels.
Gasoil Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Gasoil Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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