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Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

By GhanaSummary Newsroom1 min read
Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

Oil prices slipped on Monday on expectations of more Russian supplies after US ‌President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other's energy facilities following a US diesel-supply deal with Moscow.

ICE gasoil futures fell 3% to $1,436 per barrel ​after President Trump said on Friday that Russia will immediately supply more than 300,000 metric tons (2.

Goldman Sachs raised its Brent crude price forecast for December to $90 a barrel, up from $85 previously, its analysts, led by Daan Struyven, said in a note.

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