Oil Prices Slip on Russian Diesel Deal and Ceasefire
Oil prices fell on Monday following reports of increased Russian diesel supplies and a proposed energy ceasefire between Ukraine and Russia. Meanwhile ongoing Middle East conflicts continued to provide underlying support for crude benchmarks.
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Brent Crude Oil fell 22 cents to $104.50 a barrel on Monday morning after United States President Donald Trump announced a diesel-supply deal with Russia and an energy ceasefire in Ukraine. The drop followed earlier intraday losses exceeding 1% across major benchmarks. The anticipated influx of Russian supplies weighed on global energy markets despite ongoing geopolitical friction.
