Oil falls as Russian diesel supply prospects counter Gulf supply risks
- Oil prices fell on Tuesday, with Brent crude down 1.1% to $105.47 per barrel and US West Texas Intermediate crude down 1.3% to $92.57 per barrel.
- US President Trump announced that Russia agreed to supply diesel to global markets, temporarily lifting US sanctions on Russian fuel.
- OPEC has revised down its oil demand growth forecast for 2023 to 400,000 barrels per day, significantly lower than the 1.4 million bpd anticipated at the beginning of the year.
