- Oil prices dipped after reports Saudi Arabia is offering extra crude shipments via ship‑to‑ship transfers off Oman, easing fears of prolonged Red Sea export disruptions.
- Diesel remains extremely tight — European diesel/gasoil is near record highs and the U.S. national average diesel price topped $6 a gallon, squeezing consumers and transport costs.
- U.S. API data showed unexpected builds in crude, gasoline and distillate inventories last week, which helped weigh on prices despite ongoing Middle East tensions.
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