Daily Market Updates: Trump signs order easing diesel fuel restrictions for cost relief

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Trump signs order easing diesel fuel restrictions for cost relief

WTI was down 2.2% on the day at $88.35 as the order was announced, according to the outlet covering the move.

Reported · Written up by our desk · Energy

U.S. President Donald Trump signed an executive order to ease restrictions on a tax-exempt variety of diesel fuel, according to FXStreet, citing Bloomberg.

Trump said the measure would waive the off-road requirement and allow people to buy tax-free, red-dyed diesel for any reason, framing it as a cost relief step ahead of November's midterm elections.

FXStreet also noted that at the time of writing, West Texas Intermediate was down 2.21% on the day at $88.35.

The outlet added that WTI is a benchmark crude sold on international markets, commonly quoted in the media, with the price driven by supply and demand.

Latest closeWTI crude $91.10 ▲3.2%

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FXStreetUS President Donald Trump signs order to ease limits on diesel variety to curb costs

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Trump signs order easing diesel fuel restrictions for cost relief

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