Ulsd futures closed slightly higher today on strong

ULSD futures closed slightly higher today on strong export orders from Latin America, compensating for modest domestic demand fluctuations. Export pull could sustain bullish undertones. NYMEX Overview: Petroleum Futures Weaken on Oversupply, US Demand Worries -- OPIS As tends to be the case when oil markets are extremely volatile as a result of external factors, crude moves up or down by a greater percentage than gasoline or diesel. That’s apparent in the comparison between Brent and ULSD, which moved to a spread of 54.1 cents a gallon of ULSD over Brent on Monday after being 50.8 cents a gallon on March 28. Spot ULSD prices in New York Harbor are trading at a premium to futures, signaling tight prompt demand. Arbitrage flows to Europe are likely to keep domestic stocks constrained.