Oil prices fall as traders assess Russian diesel supply prospects and Saudi-Houthi conflict
Traders weighed six months of added Russian diesel supply, while a Houthi attack in Riyadh kept geopolitical risk in focus.
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Oil ticks lower as Russia diesel supply prospects counter Gulf supply risks - Regional Media News
By Anjana Anil Oct 12 (Reuters) - Oil prices edged lower on Tuesday after climbing by nearly $2 a barrel in the previous session, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia. Brent [...]
Oil prices decreased in early trade on Tuesday. Meanwhile, a series of drone and missile attacks by Iran-backed Huthi at Saudi Arabia's main airport increases the pressure on Washington to engage more strongly in the conflict in Yemen.
The Trump-Putin deal is fueling market optimism.
According to CNBC, Brent drops 1.48% to US$ 105.05 and WTI falls 1.57% to US$ 92.27 with the expectation of more Russian diesel in the global market
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