
Brent Crude Holds at $98.28 as Iran Diplomacy Stalls Price Move
International benchmark slipped 0.1% Nov. 6, leaving diesel cost outlook uncertain for small fleets.
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International benchmark slipped 0.1% Nov. 6, leaving diesel cost outlook uncertain for small fleets.

Oil recovered 2.5% Thursday as traders unwound the prior day's political reaction. Small fleets still paying 50% more for diesel than before the Iran war.

Houthi strike on Saudi Arabian refinery pushes oil to highest level since early October. Every dollar adds roughly 3 cents per gallon to diesel.

International oil benchmark spiked early Oct. 8 after blasts in Riyadh. What the move costs small fleets at the pump.

International oil benchmark rose 1.5% Oct. 7, now $55 higher than a year ago. What the climb costs small fleets.

National diesel fell to $6.382/gallon last week, but crude oil volatility tied to Strait of Hormuz negotiations threatens to reverse the decline.

Oil fell to $98.83 per barrel Sept. 25 as investors bet on the strait reopening. What the decline means for diesel and small-fleet fuel bills.

Oil prices rose Sept. 24, pushing regular gasoline to $4.48/gallon nationwide. The move reverses three days of declines.

Oil reversed a seven-day drop, rising 1.3% Wednesday. The bounce follows a near-$110 peak last week.

Crude down nearly $10 from last week's peak. Diesel still elevated, but the pace of fuel cost increases may slow.

Brent dropped 2.3% to $103.38/barrel Sept. 17, but Saudi pipeline shutdown keeps diesel on track to stay above $6/gallon.

International oil benchmark jumped 4% Sept. 10 after a 4.3% gain the day before. Every dollar above $100 adds roughly 3 cents to diesel retail.