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Donald Trump Crude Oil News
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CNBC Awaaz•12-10-2026, 08:58
Crude Oil Prices Decline After Donald Trump Announces Energy Ceasefire Between Russia And Ukraine
  • •Crude oil prices declined in the international market on October 12, with Brent and WTI futures dropping significantly.
  • •US President Donald Trump announced an agreement that Russia and Ukraine will halt attacks on each other's energy infrastructure.
  • •Expectations have risen for increased global diesel supplies, with Russia reportedly set to supply over 4 million tonnes.
  • •Market volatility persists due to ongoing US-Iran tensions, Middle East conflicts, and a hurricane approaching the US coast.
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Key Questions Answered

On Monday, December delivery Brent crude fell by 1.65 percent to $102.99 per barrel, while US WTI crude futures for November dropped by 1.92 percent to $90.09 per barrel.

President Donald Trump stated that Russia is set to supply over 4 million tonnes of diesel to the global market, following an agreement reached during a phone call with Russian President Vladimir Putin.

Market volatility persists due to the ongoing conflict between the US and Iran, Hurricane Isaias approaching the US Gulf Coast and forcing offshore production cuts, and Houthi missile attacks in Saudi Arabia.

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