Oil falls on supply hopes, trades above $105
Oil prices declined on Monday amid hopes of improved global supplies following a proposed ceasefire targeting energy infrastructure between Russia and Ukraine, alongside diplomatic outreach by Iran to Saudi Arabia after Houthi attacks on the kingdom.
October 12, 2026 (MLN): Oil prices declined on Monday amid hopes of improved global supplies following a proposed ceasefire targeting energy infrastructure between Russia and Ukraine, alongside diplomatic outreach by Iran to Saudi Arabia after Houthi attacks on the kingdom. Currently, Brent crude futures is up, 0.58%, at $105.33 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futu...