Oil Falls as Saudi Arabia Offers Extra Crude via Oman; Brent Closes at $105.83

“News that Saudi Arabia is exporting from the Gulf suggests concerns about a potential worsening of disruptions are easing,” said Giovanni Staunovo, a UBS analyst.

Prices were also pressured by U.S. inventory data: crude oil stocks fell by only 640,000 barrels last week, far less than the 1.6-million-barrel drop analysts expected, while gasoline and distillate inventories rose.

Source: Reuters