Oil dips as Trump halts Russia sanctions

Oil prices decreased during early Asian trading following U.S. President Donald Trump's decision to lift sanctions and tariffs imposed on Russia, which may contribute to an increase in its fuel exports. Brent crude futures fell by 1.77% to $107.92 per barrel, while U.S. West Texas Intermediate (WTI) declined by 0.82% to $100.58, after having experienced price gains in previous days. This U.S. intervention comes after an agreement between Trump and Vladimir Putin to export millions of barrels of Russian diesel to the United States and other countries, raising concerns in Ukraine and causing uncertainty in the global oil market.

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