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President Donald Trump said diesel and oil prices would fall sharply after Iran is defeated and said he may support suspending federal diesel taxes. AAA put the U.S. diesel average at $6.3261 per gallon on Friday.
S&P 500 dips; Nasdaq slides >1%; Dow gains Tech down most among S&P sectors; Cons staples lead gainers Euro STOXX 600 index off ~0.2% Dollar falls; bitcoin down ~2%; US crude rises; gold up >1% US 10-year Treasury yield slides to ~5.04% Welcome to the home for real-time coverage of markets brought to you by Reuters rep
(.) IEA expected to clarify details of 100 million-barrel release IEA members should see if more diesel releases needed, Birol says A 30-day release could offset export loss from Middle East and Russia, Sparta Commodities says EU diesel and gasoil imports fell 390,000 bpd between March and September, Kpler data shows B
(Adds details and background from paragraph 5) ROME, Oct 14 (Reuters) — The deal between the United States and Russia over diesel supply is a "very risky choice" that runs counter to efforts to force Vladimir Putin to sit at a negotiating table with Ukraine, Italian Prime Minister Giorgia Meloni said on Wednesday. The
By Jamie McGeever ORLANDO, Florida, Oct 12 (Reuters) — Oil and fuel prices rose on Monday following weekend attacks on a Saudi airport, which had a varied impact on global stocks. Asia shares mostly fell, Europe shares rose, and Wall Street was mixed. The dollar continued its recent rally and hit an 18-month high, and
Jim Cramer warned investors not to overreact to oil’s latest decline after President Donald Trump announced what he called an "energy ceasefire" between Russia and Ukraine, arguing that war-related supply risks still support crude prices near $100 a barrel. Cramer Warns Against Ceasefire-Driven Oil Moves "Oil falling o
Brent falls 0.6% to $104.90 a barrel and WTI drops 0.8% to $91.10 after Trump said his administration reached an agreement for Russia to supply diesel to U.S. and global markets.
President Trump said his administration reached an agreement for Russia to supply diesel to the U.S. and global markets and that select sanctions tied to Russian diesel sales will be waived temporarily. The post framed the move as a step to lower fuel prices, while the Treasury said the temporary license runs until Apr
Diesel fuel prices fell after President Trump said Russia agreed to supply millions of tons of diesel to the global market, which he said would bring record high diesel prices down for Americans and the world.
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
Diesel prices crossed $6 a gallon nationally for the first time, according to the report. The article says the move may add inflation pressure across the supply chain as trucking and other transport costs rise.
Energy Secretary Chris Wright said U.S. gasoline prices are "more likely to go down than go up" despite record Labor Day fuel costs, citing futures, seasonal demand and regulatory changes.
Diesel refining margins surged to about $100/bbl on Tuesday after reaching $102/bbl on Monday, according to Bloomberg, as the Iran war tightens global fuel supplies.