Oil prices fell Tuesday, with Brent crude down 1.48% at $105.05 a barrel and WTI down 1.57% at $92.27, while the Saudi-Houthi conflict limited losses. President Donald Trump defended the temporary easing of restrictions on Russian diesel supplies, authorized for six months, despite bipartisan criticism from U.S. lawmakers. Goldman Sachs estimated that the expected increase of 800,000 metric tons, roughly 6 million barrels, would lower wholesale diesel prices by only $1 to $2 a barrel on the U.S. Gulf Coast and in Europe. Global diesel markets remain strained, with U.S. inventories down 14% year on year, China’s visible stocks down 11%, and global production declining for seven consecutive months. Meanwhile, Iran-backed Houthi militants attacked King Khalid International Airport in Riyadh on Saturday, killing 12 people and injuring more than 300.
Source: Read the original article
