U.S. DIESEL HITS FRESH RECORD AT $6.53

U.S. diesel prices climbed to a record $6.527 per gallon, up sharply from $3.688 a year ago.

Supply is tightening as Russian diesel exports remain restricted and disruptions continue to crude flows through the Strait of Hormuz.

Commerzbank warns diesel markets could face a difficult winter if Middle East disruptions persist and Russia extends its export restrictions.