Business · Energy & Commodities · 43 mins ago
Oil prices fall as markets expect more Russian fuel supplies
Oil prices fell in early Asian trading on Monday as markets reacted to a U.S. decision involving Russia.
President Donald Trump exempted Russia from sanctions and tariffs, a move that could allow Russian fuel exports to increase.
Brent crude fell $1.06, or 0.96%, to $108.80 a barrel by 1:14 a.m.
Saudi time.
U.S. West Texas Intermediate crude fell 23 cents, or 0.23%, to $101.18 a barrel.
Brent had closed Friday at $109.86, its highest level since May 19, amid concerns about global energy supplies.
More Russian exports could ease pressure on global fuel supplies, which may affect prices.
Energy markets are now assessing how the U.S. decision will affect supply and the balance between supply and demand.
Oil prices fell in early Asian trading on Monday after U.S. President Donald Trump exempted Russia from some sanctions and tariffs.
Markets expect the decision could allow Russian fuel exports to increase and ease pressure on global supplies.
Brent crude was reported at $108.80 a barrel by Okaz and $108.43 by CNN Indonesia, with both outlets reporting a decline.
U.S. West Texas Intermediate was reported at $101.18 by Okaz and $100.88 by CNN Indonesia.
Concerns about supply disruptions linked to tensions and attacks on commercial ships in the Middle East remained in the background.
- Who
- Oil markets; U.S. President Donald Trump made the sanctions and tariff exemptions.
- What
- Oil prices fell amid expectations of increased Russian fuel supplies.
- When
- Monday, October 19, 2026, in early Asian trading.
- Where
- Global oil markets.
- Why
- Markets expect the exemptions could increase Russian fuel exports and ease pressure on global supplies.
This story does not have two clearly opposing sides.
Trump signed an executive order providing exemptions from some sanctions and tariffs on Russia.
Oil prices fell in early Asian trading amid expectations of increased Russian fuel supplies.
- Brent price
- $108.80 a barrel, according to Okaz; $108.43, according to CNN Indonesia
- WTI price
- $101.18 a barrel, according to Okaz; $100.88, according to CNN Indonesia
- Brent daily change
- Down $1.06, or 0.96%, according to Okaz; down $1.43, or 1.30%, according to CNN Indonesia
- Russian exports
- The exemptions could allow Russian fuel exports to increase
- Middle East oil flows
- About 8.5 million barrels per day on a seven-day average last week, down from more than 20 million the previous week, according to Kpler, as reported by CNN Indonesia