Dhaka:Oil prices slipped on Monday amid expectations of increased Russian supplies following statements from US President Donald Trump about an agreement between Ukraine and Russia to cease attacks on each other's energy facilities.
According to Qatar News Agency, Brent crude futures saw a decrease of $1.54, or 1.47%, to $103.18 a barrel. Similarly, US West Texas Intermediate (WTI) crude prices dropped to $90.31 a barrel, marking a decline of $1.54, or 1.68%.
President Trump announced that Russia would immediately supply over 300,000 metric tons of diesel. This supply is expected to be followed by another 500,000 tons in November and an additional 1 million tons shortly after.