Brent crude holds above $104 despite drop, weekly gains top 8%
Brent crude is set for weekly gains of over 8% despite a decline today, as US diesel prices hit record highs amid Middle East developments.
Key Takeaways
AIBrent crude is on track for weekly gains exceeding 8% despite a decline in today's trading, while diesel prices in the United States have reached unprecedented levels amid ongoing developments in the Middle East.
Brent futures fell by $3.28, or 3.05%, to $104.35 per barrel.
US West Texas Intermediate crude also dropped $3.41, or 3.33%, to $99.07 per barrel.