Morning Edition · Wed 14 Oct 2026
Brent Slips to $105.69 as Goldman Says Russian Diesel Will Barely Dent Prices
Brent crude fell 96 cents to $105.69 a barrel on Tuesday while US crude rose, as Goldman Sachs estimated that the Russian diesel deal would do little for fuel prices.
Chanan Zevin - Chief Editor and Head of Desks
Published
The close
Brent settled down 96 cents at $105.69 a barrel, while West Texas Intermediate rose 40 cents to $94.14, CNBC reported.
Diesel relief looks small
Goldman Sachs estimated that the extra 800,000 tons of Russian diesel would lower wholesale prices by only $1 to $2 a barrel, according to CNBC. US diesel inventories are 14% lower than a year ago, the report said.
Why it matters
Tight diesel stocks keep freight and farm costs high even when crude eases, so small supply deals do little for inflation. What to watch: weekly US inventory data and any disruption to tanker traffic near Hormuz.