Oil drops on Russia-Ukraine energy ceasefire

Oil prices declined noticeably amid expectations of increased Russian supplies following US President Donald Trump's announcement of an agreement between Ukraine and Russia on a ceasefire in the energy sector, with Russia shipping more than 300,000 tons of diesel to the American and global markets. Brent crude fell to $103.18 per barrel, and West Texas crude dropped to $90.31, reflecting a decline due to these developments that impacted energy markets. This came after the targeting of Riyadh airport and Houthi attacks in Yemen, amid escalating regional conflicts.

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