US diesel futures fall 4% after report of 90-day export-ban plan; White House denies it

Reuters reports that US ultra-low-sulfur diesel futures fell 4% after Politico reported the White House was preparing a 90-day export ban. The Trump administration denied the plan, Reuters says.

Semafor reports that several cabinet members oppose the proposed ban as the White House considers action on record-high fuel prices. Bloomberg says Energy Secretary Chris Wright told oil industry leaders to brace for possible export curbs. The Hill reports that experts are skeptical a ban would meaningfully reduce US fuel prices.