ReportedShipping, energy & marketsGlobal oil markets
Oil prices dip as traders anticipate additional Russian diesel supplies
- Mountain Time
- Local time
- 5:25 AM UTC, Oct 19
- Where
- Global oil markets
OilPrice.com reported that crude benchmarks slipped at the start of the week on expectations of additional Russian diesel supplies. Brent traded at $107.84 a barrel and WTI at $100.29. Continued disruption in the Strait of Hormuz kept prices elevated despite the decline.
Why it matters
The decline offers limited relief to fuel buyers: both benchmarks remained above their levels a week earlier while Hormuz disruption constrained supply.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels