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Trump Administration Pushes Refiners to Boost Diesel Output as Prices Soar

The U.S. Department of Energy has called on refiners to ramp up their diesel fuel production further, Reuters has reported, citing two high-ranking officials from the department. There are talks ongoing with refiners both in the United States and abroad, the report said. This is the latest move on the part of the federal government to push diesel prices down from all-time highs, with the national…

ForexForexLive

What are the main events for today?

EUROPEAN SESSION In the European session, the main highlight was the UK CPI report. Headline inflation beat expectations slightly but the core measure matched expectations coming in at 2.8% y/y. The more concerning part for the BoE might be the jump in services inflation to 3.7% from 3.4% in the prior month. The reaction in the markets has been relatively muted as a rate hike in November was…

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