Oil falls to $108 amid Russian supply prospects, Gulf tensions
Crude oil prices declined on Monday as traders assessed the possibility of increased Russian supplies following U.S. sanctions relief, while attacks on Russian oil infrastructure and commercial tankers in the Persian Gulf continued to cloud the globa
October 19, 2026 (MLN): Crude oil prices declined on Monday as traders assessed the possibility of increased Russian supplies following U.S. sanctions relief, while attacks on Russian oil infrastructure and commercial tankers in the Persian Gulf continued to cloud the global supply outlook. Currently, Brent crude futures is down, 1.70%, at $107.99 per barrel, according to data by Mettis Global. West Texas Intermedia...