Oil futures dropped on Friday driven by expectations of increased supply after G-7 leaders agreed to coordinate the release of 100 million bbl of oil reserves to ease high international prices.

Oil futures fell Friday morning after the Elysee Palace proposed a joint EU-wide release of crude oil and diesel from strategic reserves.

Crude surges on diesel stock pressures; supply concerns reshape markets.

Oil and product futures were mixed in a volatile morning session Thursday, with crude benchmarks advancing 1.5-2%, while ULSD's new front-month contract slipped following Wednesday's rally.

Distillate futures surged more than 53% over the third quarter as September delivered another strong month for U.S. energy markets, propped up by persistent refined product deficits, historic gasoline inventory draws and unyielding...

Oil prices advanced Wednesday morning and were on track for the third consecutive monthly increase, driven by tight global fuels supply and stalling U.S.-Iranian negotiations.

Crude oil futures tumbled about 3% Tuesday, weighed by recovering Middle Eastern supply and a stronger dollar, while reversing early weakness to end higher on growing anxiety over the global deficit in diesel and other transportation fuels.