A post by @FirstSquawk on X.
US diesel below $6 a gallon at 2-month low on easing tensions, weaker demand
@FirstSquawk on X
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US diesel futures fell below $6 a gallon to a two-month low, pressured by easing geopolitical tensions and weaker demand. The decline reflects reduced supply-risk premiums as Middle East tensions cool and softer industrial and freight activity curbs consumption. The move matters because diesel is a key input cost for transport, agriculture and manufacturing, so lower prices can ease broader inflation pressure. Traders will watch upcoming US inventory data and demand indicators for signs of whether the pullback extends or stabilizes.
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US diesel