Russian diesel supply prospects offsetting Gulf supply risks pushed oil lower.
Context
What happened: Brent and WTI crude futures fell as prospects of Russian diesel supply offset Gulf supply risks. Brent settled Monday at its highest since September 15.
Key numbers: Brent fell 61 cents, or 0.57%, to $106.04 a barrel. WTI fell 47 cents, or 0.5%, to $93.27. OPEC cut 2025 demand growth forecast to 400,000 bpd from 1.4 million bpd.
Why it matters: Extra Russian diesel could ease tight global fuel markets and temper supply concerns that supported crude prices. Gulf infrastructure and shipping risks remain in focus after Houthi strikes and tanker attacks.