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Story summary
- President Donald Trump pressured allies to release diesel reserves and eased “red dye” diesel rules.
- Trump eased U.S. sanctions on Russia to let President Vladimir Putin release diesel, sparking bipartisan condemnation.
- Brent crude rose above $110 per barrel, its highest level since May.
- West Texas Intermediate closed at $101.41 per barrel on Friday.
- Diesel futures jumped more than 1% on Friday, outpacing gasoline as regular gasoline averaged $4.32 per gallon.
