DIESEL CRACKS PLUNGE ON U.S. EXPORT BAN REPORT
U.S. diesel cracks fell $12.70 to $97.85/bbl after Politico reported the White House is preparing a 90-day diesel export ban.
Meanwhile, gasoline cracks jumped $2 to $47.41/bbl, reflecting concerns that lower diesel margins could force refiners to cut production and tighten gasoline supply.
European gasoil cracks also rose as markets priced in reduced U.S. diesel exports.