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Despite lifted sanctions and new tax breaks, diesel prices remain high due to tight middle-distillate markets and limited access to tax-break-eligible diesel among trucking firms. Attacks in Saudi Arabia and the Strait of Hormuz significantly reduced oil flows and contributed to volatility and high prices in the oil markets. OPEC's lowered long-term growth outlook and higher short-term forecast reflects ongoing inventory rebuilding and shifting market dynamics, influencing investor sentiment on demand and price direction.
document fetched 2026-10-14 03:04 · canonical https://seekingalpha.com/news/4652723-u-s-diesel-futures-jump-while-crude-oil-closes-mixed?feed_item_type=news