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Oil slips as Trump’s sanction waiver may lead to more Russian fuel supplies

By Thomson Reuters Oct 18, 2026 | 5:22 PM

SINGAPORE, Oct 19 (Reuters) – Oil prices slipped ​in early ‌Asian trade on Monday after US President ‌Donald ​Trump ⁠waived sanctions and ⁠tariffs on Russia that may lead to ​more Russian fuel exports.

Brent ⁠crude ⁠futures fell $1.06, ​or 0.96%, to $108.80 ​a barrel by ‌2214 GMT after settling at its ⁠highest since May 19 on Friday.

US ⁠West ‌Texas Intermediate ⁠crude was ​at $101.18 ‌a barrel, down ​23 ⁠cents, or 0.23%.

(Reporting by Florence Tan, editing by Deepa ​Babington)