6 Hrs
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الراي
Oil drops on Waiver Uncertainty
Oil prices declined today following an executive order from U.S. President Donald Trump to halt some sanctions and tariffs related to Russian energy exports, leading to expectations of increased Russian fuel supplies. Brent crude dropped to $109.06 per barrel, and West Texas Intermediate fell to $103.32, amid ongoing concerns over escalating tensions in the Gulf region and their potential impact on oil supply stability. The International Energy Agency reported that Russia's oil production rose to 8.43 million barrels per day in September, but it remains roughly 870,000 barrels below its level a year ago.
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