Reported about 1 month ago
The benchmark diesel price saw its largest weekly decline this year, dropping 7.8 cents to $3.553 per gallon, reversing a four-week upward trend. This shift was influenced by market movements alleviating fears of military escalation between Iran and Israel, despite ongoing speculation surrounding the potential impact on oil production and exports. Analysts indicate that while demand for oil continues, supply factors suggest a stable market, with expectations for future oil demand growth to remain subdued.
Source: YAHOO