- US diesel futures rose sharply on Oct 13 even though the lifting of US sanctions on Russian diesel did not bring prices down.
- Crude and refined product futures closed mixed on Oct 13, so the diesel move diverged from crude.
- Reuters' Oct 13 oil preview flagged the US-Russia diesel deal and Saudi Yemen attacks as the market's focus.
Quotes
“the lifting of US sanctions on Russian diesel failed to bring down prices”