Oil slips as Trump's sanction waiver may lead to more Russian fuel supplies
Business
Oil slips as Trump's sanction waiver may lead to more Russian fuel supplies
by DZRH News19 October 2026
Police officers inspect the site of a stampede at a Durga Puja festival venue that resulted in the deaths of multiple people, in Kolkata, India, October 17, 2026. REUTERS/Stringer
SINGAPORE, Oct 19 (Reuters) - Oil prices slipped in early Asian trade on Monday after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports.
Brent crude futures fell $1.06, or 0.96%, to $108.80 a barrel by 2214 GMT after settling at its highest since May 19 on Friday.
US West Texas Intermediate crude was at $101.18 a barrel, down 23 cents, or 0.23%.
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(Reporting by Florence Tan, editing by Deepa Babington)
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