UNITED STATES – Global oil prices fell as anticipation for additional Russian diesel supplies alleviated concerns about energy shortages. Brent crude traded at around USD 106.04 per barrel, while West Texas Intermediate (WTI) was at USD 93.27 per barrel, following advances in the previous session. However, continuous tensions in the Middle East and tanker incidents near critical maritime routes have raised fears about global oil shipments. The uncertainty has kept energy markets volatile, potentially influencing refinery operating costs, base oil prices, and the competitiveness of re-refined base oils (RRBO).
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(Source: Reuters)
