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News 2026-10-12 13:35 UTC

Oil Rebounds as Russia-Ukraine Energy Ceasefire Doubts Persist

Brent rose 1.8% to $106.63 a barrel and WTI gained 1.7% to $93.39 in afternoon European trading after Ukrainian President Volodymyr Zelensky said Russian strikes hit Ukrainian energy infrastructure despite President Trump's declaration of an energy ceasefire.