Oil slips as Trump's sanction waiver may lead to more Russian fuel supplies
Oil prices took a tumble after US President Trump eased sanctions on Russia, prompting a surge in fuel exports. Brent crude futures fell to $108.43 a barrel, down from a peak of $110. Ukrainian President Volodymyr Zelenskiy warned that such actions would adversely impact Ukraine, while the US secured a deal to import diesel from Russia.
Key Takeaways
- Oil prices took a tumble after US President Trump eased sanctions on Russia, prompting a surge in fuel exports.
- Brent crude futures fell to $108.43 a barrel, down from a peak of $110.
- Ukrainian President Volodymyr Zelenskiy warned that such actions would adversely impact Ukraine, while the US secured a deal to import diesel from Russia.
Oil prices took a tumble after US President Trump eased sanctions on Russia, prompting a surge in fuel exports. Brent crude futures fell to $108.43 a barrel, down from a peak of $110. Ukrainian President Volodymyr Zelenskiy warned that such actions would adversely impact Ukraine, while the US secured a deal to import diesel from Russia.
Original Publisher Attribution
This summary was curated from Economic Times.