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Oil prices fell after Trump announced an agreement with Putin to increase Russian diesel supplies to US and global markets, with 300,000 metric tons immediately, 500,000 in November, and 1 million in a later phase. Analysts said the volumes are small relative to global diesel consumption, and the article cites WTI near $91 and Brent near $104.6, which conflicts with other reports of prices above $100.
Additional Russian diesel could ease fuel shortage fears and modestly reduce diesel and crude prices, though analysts expect limited impact. Price figures in the article appear inconsistent with contemporaneous reports, so the magnitude of the move is uncertain.
ilkha.comWORLDNov 2, 2026After 28 past bearish trade events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -5.0% to +1.7%), and +0.9% over 20.
After 56 past bearish trade events, Crude Oil (Brent) moved a median -5.6% over 5 sessions (20% higher; middle half -9.0% to -1.7%), and -4.5% over 20.
After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
