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US Diesel Futures Plunge Over 5% on Trump Admin's Potential 90-Day Export Ban
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US ultra-low sulfur diesel futures dropped more than 5% following a report that the Trump administration is considering a 90-day ban on diesel exports. The news, sourced from Jin10, triggered a sharp sell-off in the market as traders reacted to the potential supply disruption. The proposed measure, if implemented, would restrict exports of ultra-low sulfur diesel for three months, aiming to address domestic supply concerns. The price decline reflects market expectations of increased domestic availability and downward pressure on prices. The report did not provide further details on the status of the policy consideration or any official confirmation from the administration.
Source report
U.S. ultra-low sulfur diesel futures fell more than 5% following reports that the Trump administration is considering a 90-day ban on diesel exports.
Source
金十数据Neutral / independent