Feb. 29 (Bloomberg) -- Ultra-low-sulfur diesel in Chicago rose the most in almost a week after the Energy Department said distillate inventories in the Midcontinent fell for the first time in three weeks.
Distillate stocks in Padd 2, which includes Chicago, dropped 355,000 barrels to 32.9 million barrels in the week ended Feb. 24, according to the Energy Department. That’s the lowest level since Jan. 6.
The discount for ultra-low-sulfur diesel in Chicago narrowed 9 cents to 23 cents below heating-oil futures at 12:52 p.m. in New York, according to data compiled by Bloomberg. Prompt delivery rose 6.13 cents to $2.9614 a gallon.
The discount for conventional, 87-octane gasoline on the Gulf Coast narrowed 2.25 cents to 23.25 cents a gallon versus futures. Prompt delivery fell 1.15 cents to $3.0032 a gallon.
The same fuel in New York Harbor strengthened 1.37 cents to a premium to futures of 2 cents a gallon.
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