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NEWS Desk Global

GLOBAL DIESEL PRICES SOFTEN AS INVENTORIES EDGE UPWARD

Global distillate fuel oil inventories remain much lower than normal for the time of year but there are signs they are no longer falling which has eased some of the upward pressure on prices.

Distillates such as diesel, gasoil and heating oil are the primary fuels used by the industrial economy and inventories are normally strongly correlated with the manufacturing cycle.

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