Global supply anxieties flared briefly mid-week when assaults on Persian Gulf shipping and Saudi oil installations, attributed to Iran and Yemeni rebels, rattled investors. Yet, the price of crude stabilized near $91 a barrel, resisting a surge that might have otherwise followed such geopolitical instability.

President Trump announced an agreement on Friday with Russian President Vladimir Putin to import hundreds of thousands of tons of diesel fuel. The administration framed this strategic move as a measure to alleviate costs for American households and farmers, providing a downward pull on domestic fuel prices as the market recalibrates.