Oil slips as Trump sanction waiver may boost Russian fuel supplies
Brent crude fell $1.43, or 1.30%, to $108.43 a barrel by 2340 GMT after settling at its highest since May 19 on Friday. Trump waived sanctions and tariffs on Russia, which may lead to more Russian fuel exports.
Oil prices fell on Monday after US President Donald Trump waived sanctions and tariffs on Russia, a move that may lead to increased Russian fuel exports. Brent crude futures ICEEUR:BRN1! dropped $1.43, or 1.30%, to $108.43 a barrel by 2340 GMT. On Friday, the contract settled at its highest level since May 19.