Oil Slips Amid Expectations of Increased Russian Supplies

Singapore, October 12 (QNA) – 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.

Brent crude futures fell $1.54, or 1.47%, to $103.18 a barrel, while US West Texas Intermediate (WTI) crude was at $90.31 a barrel, down $1.54, or 1.68%.

President Trump said on Friday that Russia will immediately supply more than 300,000 metric tons of diesel.

Russia would supply another 500,000 tons in November and a further 1 million tons “immediately thereafter,” Trump ⁠added. (QNA)