Oil Falls as Russia Diesel Supply Prospects Counter Gulf Supply Risks
15 Articles
15 Articles
Oil prices are falling on Tuesday because of hopes to alleviate the global shortage of diesel fuel through the supply of Russian diesel.
Oil falls as Russia diesel supply prospects counter Gulf supply risks
Oil prices on the world market fell today Tuesday after jumping about $2 a barrel at the previous meeting, with customers assessing concerns about Gulf supplies and the potential for increasing diesel supplies from Russia.
Brent crude futures fell 1.04% to $105.54 per barrel, while U.S. WTI crude fell 1.17% to $92.64 per barrel.
Oil prices fell back a few percent on Tuesday after Monday's price increases to above $107 per barrel of Brent crude. The market is weighing supply risks following the attacks in Saudi Arabia against the possibility of increased diesel deliveries from Russia.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
