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Oil drops as Russian diesel supply eases
Oil prices declined today after traders pointed to reduced supply risks due to an influx of additional diesel supplies from Russia. The United States announced that Russia had agreed to supply diesel and temporarily lifted some sanctions on Russian fuel, which helped ease concerns over the global supply shortage. However, there are still fears of attacks on energy facilities in the Gulf and the infrastructure, which threaten the stability of oil supplies—especially amid escalating conflicts in the region.
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