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

Business Recorder • Oct 12, 2026

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 f...

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%, to $103.18 a barrel by 0154 GMT while US West Texas Intermediate crude was at $90.31 a barrel, down $1.54, or 1.68%. ICE gasoil fut...