Diesel futures traded sharply higher Tuesday, as doubts mounted about the likely impacts of the Trump administration’s latest efforts to push prices down.
In Europe, diesel futures rose by about 3.8%, while gas futures spiked to levels not seen all year .
A move higher in futures markets typically signals that prices will climb in the coming days.
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The Saudi-led coalition fighting in Yemen struck a fuel depot near the Houthi-controlled capital, Sanaa.
As Trump mulls joining Saudi Arabia in attacking the Houthis, the Iran-backed group is threatening a "painful" response.
Tens of thousands of people joined rallies across France on Tuesday to support protesting high school students, boosting a movement that poses a major challenge to President Emmanuel Macron as his term in office winds down. Some 161,500 people turned out, according to the interior ministry -- more than double the 71,500 it gave for the last nationwide demonstrations on Thursday last week. Speaking with FRANCE 24's Mark Owen, Andrew Smith, Lecturer in Liberal Arts at Queen Mary's London, says that France's youth is undergoing "a crisis of hope" which is…
King Felipe VI on Tuesday said Ceuta and Melilla were "an inalienable part" of Spain as he made a landmark visit to the north African territories claimed by neighbouring Morocco. "Ceuta and Melilla are an inalienable part of the political and national reality that is Spain. The sovereignty and territorial integrity of our country are not negotiable," Felipe said. FRANCE 24's Sarah Morris reports from Madrid.