Trump Presses Refiners to Boost Gasoline, Diesel Production

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President Trump met with US oil refiners to press for increased domestic gasoline and diesel production. This push for higher output comes as the administration addresses high energy prices and rising living costs. The meeting occurred ahead of November's midterm elections.

The administration's focus on boosting refined product supply could influence crude oil and refined product futures. Increased gasoline and diesel output would aim to alleviate current price pressures. The early reaction on Hyperdash:

WTI Crude up +0.08%, Brent Crude up +0.08%.

SourcesBloomberg

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