Oil Prices Slip on Trump Russian Sanctions Waiver
Oil prices dropped on Monday as US President Donald Trump waived sanctions and tariffs on Russia. The move aims to increase Russian fuel exports despite ongoing geopolitical tensions.
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Brent Crude Oil fell $1.94, or 1.77%, to $107.92 a barrel on Monday morning after the United States waived sanctions on Russia to boost fuel supplies. The drop follows Friday's peak, which marked the highest level for the global benchmark since May. Traders balanced the potential increase in crude exports against ongoing supply disruptions in the Middle East.
