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Diesel futures rose more than 15 cents on Thursday and again on Friday morning, after about 5 cents earlier in the week. The rise followed reports that a planned Trump-Putin meeting had been called off and the US announced sanctions and tariff threats on buyers of Russian crude.
India was singled out, and the president said it would cut Russian crude purchases.
Sanctions on Russian crude buyers could force replacement supply and raise product prices, although the author calls the reaction an overreaction given the large floating product inventory. Diesel prices may retrace if supply holds up.
burkeoil.comMark PszenicznyOct 23, 2025After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Reports diesel futures rising more than 15 cents on Thursday after the cancelled Trump-Putin meeting and sanctions and tariff threats on Russian crude buyers, matching the timing and size of the move.
