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Oil Retreats on Expectations of
Higher Russian Fuel Supplies
Singapore, 19 Oct 2026 (ONA) — Oil
prices fell today after US President Donald Trump exempted Russia from
sanctions and tariffs that could have increased Russian fuel exports.
Brent crude futures declined $1.94,
equivalent to 1.77 percent, to $107.92 a barrel, after closing last Friday at
their highest level since 19 May.
US West Texas Intermediate crude
settled at $100.58 a barrel, down 83 cents, or 0.82 percent, after closing last
Friday at its highest since 17 September.
Brent briefly touched $110 a barrel
for the first time since May, as tensions and security threats in the Middle
East stoked concerns over the safety of navigation and tighter global energy
supplies.
— Ends/Khalid
