SQUAWK/NEWS
Account
Theme
Account
Menu
Live News COMMODITIES FLASH L impact

OIL: Reuters’ Jarret Renshaw via X with slightly more from Wright

Reuters' Jarret Renshaw via X with slightly more from Wright: Chris Wright throws some cold water on Trump backing diesel export ban: "The blunt tool of banning diesel exports definitely doesn't work.:" * The quote suggests the comment was made by Wright recently (after Trump backed a potential ban yesterday) and seems to be behind the initial Reuters headline in recent minutes: "US ENERGY SECRETARY CHRIS WRIGHT SAYS DIESEL EXPORT BAN WOULD NOT WORK" RTRS * Further details are limited at present. To clarify, these are new headlines being run and don't appear to be rehashes of prior comments. We will update with any more that we see. * There has been a move higher in US diesel cracks, while EU gasoil cracks are lower on the back of that Wright headline. * US ULSD crack down 5.5$/bbl at 105.11$/bbl * EU Gasoil-Brent down 2.9$/bbl at 86.45$/bbl