Cold winter in US Northeast means hot ULSD market

摘要

Spring might be around the corner, but for residents of New York and Boston who just experienced one of the coldest Febru- arys on record, the change in seasons can- not come soon enough. Temperatures outside were bone-chill- ing. For those covering oil futures, howev- er, the trading screen was red hot. That’s because ultra low sulfur diesel (ULSD) futures rocketed higher in response to the Arctic blast.