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برلمان.كوم
Oil drops as Russian supply outlook improves
Global oil prices fell today, Monday, October 12, after a two-day rally, due to reduced fears of supply shortages driven by expectations of increased Russian diesel exports and the easing of federal restrictions. The price of Brent crude neared $103 per barrel amid assessments of the chances for resuming Russian fuel shipments, following an agreement between the United States and Russia regarding diesel supplies and a ceasefire in the energy sector between Moscow and Kyiv. This has bolstered expectations of supply stability. However, tensions in the Middle East, especially the attack on a airport in Saudi Arabia, continue to threaten energy supply stability and raise concerns about a potential decline in prices.
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