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White House denies plans for diesel export ban, following rumors that sent US diesel futures plummeting about 5% intraday.
U.S. ultra-low sulfur diesel futures plunged by about 5% intraday following a report from political news website Politico that the Trump administration was developing a 90-day ban on diesel exports. The White House subsequently denied the plan, leading to a narrowing of the futures' decline, which ultimately closed down 3.4%.
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