ULSD Surges as Central Banks Signal Lower Rates to Spur Growth

Ultra-low-sulfur diesel futures gained for the first time in five days as U.S. consumer confidence climbed and some central banks indicated they planned to continue measures to promote economic growth.

Diesel rose 1.7 percent after the Conference Board’s index rose today to 76.2, the strongest since February 2008. Japanese Economy Minister Akira Amari told reporters in Tokyo that Bank of Japan Governor Haruhiko Kuroda plans to pursue quantitative and qualitative easing to support the economy. The central banks of Hungary and Israel reduced borrowing costs.