Oil jumps above $105/bbl; diesel purchases dominate market focus

International oil prices surged past $105 per barrel on Thursday, a notable move that is being overshadowed by heavy diesel purchasing activity. The diesel demand signal suggests a supply-side squeeze or strategic buying, which could sustain upward pressure on refined product prices even if crude consolidates. The exact driver of the diesel buying is unconfirmed, but it points to tightening distillate markets.