CLAVE 1 / 4Ultra low sulfur diesel (ULSD) futures on CME hit $4.6243/gallon at 11:50 a.m. EDT, up 21.37 cents in a single session.
CLAVE 2 / 4If settled at current levels, it would mark the highest post-war ULSD price since military action against Iran began in late February.
CLAVE 3 / 4Department of Energy retail diesel price fell 5.3 cents to $5.5999/gallon, only the second decline in eight weeks.
CLAVE 4 / 4No single trigger: Ukrainian attacks on Russian refineries, Middle East supply losses, and tight global inventories are squeezing the market.
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