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The Minister of Energy, Industry and Mineral Resources of Saudi Arabia and chairman of Saudi Aramco all but guaranteed an extension of oil production cuts to be officially announced at the end of the month.
Farm diesel gained as much as propane lost on the week.
Farm diesel and propane posted gains this week. We believe there is significant upside price risk for propane given recent wet Midwestern weather.
Winter temperatures and WTI prices will drive farm diesel and propane prices for the next few months.