Oil drops after Russia-Ukraine energy deal
Oil prices declined, with West Texas Intermediate reaching $90.31 per barrel, following Russia and Ukraine's announcement of their agreement to cease attacks on energy facilities and the continued flow of Russian supplies to global markets, including the two million barrels of diesel Moscow pledged. While Trump's statements eased concerns about supply disruptions, tensions in the Middle East—especially the attacks on Riyadh airport and assaults on oil tankers in the Strait of Hormuz—still exert pressure on oil prices, keeping them above the $100 level.
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