US diesel export ban fears split crude prices in Europe and US

newsit.gr (Greek) —

Crude oil prices in Europe and the US have diverged sharply amid fears that President Trump may halt American diesel exports to lower domestic prices before the November elections. The market is taking the threat seriously despite industry backlash. A potential moratorium would reduce US refinery demand for crude while worsening fuel shortages in Europe. On Friday, WTI traded at $92 per barrel, up 2.2% for the week, while Brent fell 6.8% to $105, a rare widening gap. The move may pressure Europeans to tap their 300 million barrel fuel reserves, though legal challenges from exporters with long-term contracts are possible. EU Energy Commissioner Dan Jorgensen urged Trump to maintain free energy flows.


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