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Oil dips on prospects of more supplies
Oil prices have declined significantly amid expectations of increased Russian supplies following U.S. President Donald Trump's announcement of a cessation of attacks by Ukraine and Russia on energy facilities, and their agreement to a ceasefire in the energy sector. Russia announced that it has supplied more than 300,000 tons of diesel to the U.S. market and globally, with plans for further shipments in the coming months. Additionally, the conflict in the Middle East supported the prices, despite reports of attacks on Riyadh Airport, as the United States is considering involvement in the Saudi-led strikes against the Houthis.
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