US diesel futures post biggest daily gains in four years after Russia bans exports - Reuters
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- US diesel futures posted their biggest daily gains in four years after Russia banned diesel exports, per Reuters
- Russia banned diesel exports following refinery attacks that triggered domestic gas shortages and price spikes, per The Guardian
Why it matters: Russia is simultaneously losing domestic refining capacity to Ukrainian drone strikes and cutting off its own export supply — squeezing both Russian consumers, who are growing anxious and angry over fuel shortages, and global diesel markets, where the four-year daily-gain spike signals traders expect tighter supply and higher prices ahead.
Ask SkimNews
