HOUSTON, Oct 2 : Oil prices fell $2 after European leaders agreed on Friday to a request by US President Donald Trump to release diesel from their reserves to lower prices and reduce the need to import fuel from America.Brent was down $1.80, or 1.76 per cent, at $100.50 a barrel at 10:49 a.m. CDT (1649 GMT).

HOUSTON, Oct 2 : Oil prices fell $2 after European leaders agreed on Friday to a request by US President Donald Trump to release diesel from their reserves to lower prices and reduce the need to import fuel from America.Brent was down $1.80, or 1.76 per cent, at $100.50 a barrel at 10:49 a.m. CDT (1649 GMT).

HOUSTON, Oct 2 : Crude futures finished down after European leaders agreed to US President Donald Trump's request to release diesel reserves to lower prices and reduce fuel imports from the US. Brent settled down 6 cents, or 0.06 per cent, at $102.25 a barrel. WTI finished down $1.76, or 1.90 per cent, at

WASHINGTON (AP) — The Group of Seven wealthy democracies said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with "substantial" amounts of diesel after the fuel recently hit record high prices in the United States.

G-7 countries agreed to release 100 million barrels of diesel and crude oil from emergency reserves to help ease rising fuel prices. Read more at straitstimes.com.

France said the agreement meant the U.S. would not ban the export of diesel.

The G7 has agreed to release 100 million barrels of oil, with diesel supplies frontloaded from the start. The move aims to cool surging US fuel prices as political pressure mounts on Donald Trump.

The European Union member states have discussed a French proposal to release strategic diesel stocks to address soaring fuel prices, following pressure from the United States. According to Reuters...