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Oil Prices Slide as US Weighs Easing Russian Sanctions

Oil prices fell by about two percent as the United States weighed easing restrictions on Russian shadow fleet tankers. Ongoing Middle East conflicts and Ukrainian strikes limited the decline.

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An oil pumpjack in front of a house in Ganado, Texas, U.S., January 8, 2026. REUTERS/Antranik Tavitian

Brent Crude Oil fell 2.2% to $103.78 a barrel during Thursday morning trading after the United States considered easing sanctions on Russia's tanker fleet.
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