SignalCommodities
Diesel futures are jumping even after Trump said Russia will ship 300,000+ tons immediately, then 500,000 in November and another 1M after. Traders clearly aren't treating the deal as a fix for tight
Diesel futures jump signals higher prices despite Trump's Russia deal.
Context
What happened: Diesel futures jumped, signaling higher prices to come despite Trump's Russia deal. Gas and diesel prices are rising especially fast in parts of the country ahead of November's midterm election.
Why it matters: The price increases are hitting regions where Trump and Republicans can least afford to anger voters before the midterm election.
Key numbers: November midterm election.
Coverage: 13 outlets in 24h
What changed
Diesel futures jumped, signaling higher prices to come despite Trump's Russia deal. Gas and diesel prices are rising especially fast in parts of the country ahead of November's midterm election.
Why it matters
The price increases are hitting regions where Trump and Republicans can least afford to anger voters before the midterm election.
Key numbers: November midterm election.