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Diesel and Lumber Price Tracker

Diesel Prices - Week of December 3, 2017

Diesel Market News

As anticipated, OPEC confirmed this week that it will cut oil production through the end of 2018. This caused forecasters to raise their projected global price-per-barrel to $62 for 2018.

Even though OPEC has confirmed a cut in crude production, United States output continues to rise. In September, output reached 9.5 million barrels per day, or the highest monthly production since 2015.

Lumber Prices - Week of December 3, 2017

Lumber Market News

Trading in framing lumber products softened, causing the overall price to drop by $2 compared to last week. Historically high prices for this time of year caused buyers to slow down their purchasing activity.

The price of structural panel products continued to drop. Overall, buyers declined to make purchases of these products unless discounts were offered. Some regions saw discounts of as much as $40.

 

Sources: Random Lengths, EIA, CNBC

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