From Seattletimes · · 1m
Trump's Diesel Deal Sparks Market Shift
Trump's plan to buy Russian diesel drops oil prices as Asian markets react.
In brief
Trump's plan to buy Russian diesel drops oil prices as Asian markets react. Trump's announcement of purchasing Russian diesel for the U.S. market caused oil prices to fall $1.50 per barrel and mixed Asian stock movements. Originally reported by Seattletimes.
Trump announces diesel deal
U.S. President Donald Trump said Russia will supply over 300,000 tons of diesel to the American market immediately.
“immediately supply more than 300,000 tons of diesel to the american and global market”
Oil prices drop $1.50
Brent crude fell 1.4% to $103.31 per barrel as u.s. benchmark crude dropped 1.7% to $90.31.
“brent crude fell 1.4% to $103.31 per barrel”
Asian markets mixed
South korea's kospi lost 3.1% to 6,416.17 while hong kong's hang seng edged 0.2% higher to 24,253.70.
“south korea's kospi lost 3.1% to 6,416.17”
U.s. stock futures rise
U.s. stock futures gained more than 0.3% after wall street finished its record-setting week with gains.
“u.s. stock futures gained more than 0.3% after wall street finished its record-setting week with gains”
Lawmakers criticize plan
A bipartisan group of six senators called for the administration to immediately reverse course on the diesel deal.
“immediately reverse course on the plan”
The main idea
Trump's announcement of purchasing Russian diesel for the U.S. market caused oil prices to fall $1.50 per barrel and mixed Asian stock movements.
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