Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

Arab News Oct 12, 2026 Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

SINGAPORE: Oil prices slipped on Monday on expectations of more Russian supplies after US President Donald Trump said Ukraine ‌and Russia had agreed to halt attacks on each other’s energy facilities following a US diesel-supply deal with Moscow. Brent crude futures fell $1.54, or 1.47 percent, to $103.18 a barrel by 04:54 a.m. Saudi time while US West Texas Intermediate crude was at $90.31 a barrel, down $1.54, or 1.68 percent. ICE gasoil futures fell 3 percent to $1,436 per metric ton after Pre

Source: Arab News

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Arab News
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October 12, 2026 - 9:59 AM
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Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

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