Oil Prices Slip as Trump Announces Russia-Ukraine Energy Ceasefire
Photo: CoinCentral
TLDR Oil prices fell on Monday after Trump said Russia and Ukraine agreed to stop attacking each other’s energy facilities. Trump also said Russia will supply more than 300,000 metric tons of diesel to US and global markets right away. Ukraine and Russia have not confirmed the ceasefire, and analysts say doubts may limit the price drop. Middle East attacks, including strikes on Riyadh’s airport and tankers near the Strait of Hormuz, kept Brent above $100. Goldman Sachs raised its December Brent forecast to $90 a barrel from $85.
Source: CoinCentral
