Oil falls as Russian fuel supply hopes grow
Oil prices fell today after U.S. President Donald Trump lifted sanctions and tariffs on Russia, potentially leading to increased Russian fuel exports. Brent crude contracts decreased by 1.30% to $108.43 per barrel, while West Texas Intermediate fell to $100.88, following its rise to $110 last week. This move comes as part of an agreement between Trump and Vladimir Putin to export diesel to the United States, but it has sparked concerns about its impact on Ukraine and global oil markets.
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