Diesel markets could be on the verge of a significant upward move when trading kicks off Sunday evening in the U.S. following the closure of the Colonial Pipeline.
The pipeline, which carries diesel, gasoline and jet fuel from the U.S. Gulf Coast area through the Southeast and Mid-Atlantic on their way to a terminus in New York, was closed Friday because of a cyberattack, according to media reports.
A statement released midday Saturday, updating an earlier statement released Friday, said the...