Oil prices eased as traders weighed the chance of more Russian diesel reaching markets against fresh worries after a deadly Houthi attack in Saudi Arabia.
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01Summary
- 01Brent crude fell 1.48% to $105.05 a barrel and West Texas Intermediate dropped 1.57% to $92.27.
- 02Trump defended a temporary easing of restrictions on Russian diesel supplies, despite criticism from U.S. lawmakers.
- 03Goldman Sachs said an extra 800,000 metric tons of Russian diesel would likely cut wholesale diesel prices by only $1 to $2 a barrel.
- 04The bank said Russian refinery outages were up by 3 million barrels per day from a year earlier, limiting Moscow's ability to increase supply.
- 05Houthi militants attacked King Khalid International Airport in Riyadh on Saturday, killing 12 people and injuring more than 300.
02Why it matters
The move could affect fuel prices and sanctions policy, while the Saudi-Houthi escalation adds another source of risk to energy markets. For motorists and businesses, any shift in diesel supply can influence transport and heating costs.
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