The Russian Foreign Minister, Sergey Lavrov, confirms that the agreement to export Russian diesel fuel to the American and global markets has begun to bear fruit.
U.S. diesel futures have fallen about 11 percent since the deal was announced on Oct. 9, according to Reuters.
The agreement includes the immediate export of 300,000 tons, 500,000 tons in November, and 1 million tons thereafter.
Despite the decline, gas prices at American stations reached record levels last week.