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The Economic Times
The Economic Times
Business

Oil eases as markets assess potential waiver on Russian energy, Middle East supply risks

Oil Donald Trump Middle East United States Yemen Executive Order Sanctions Tariffs Saudi Arabia

Oil prices fell on Tuesday as markets weighed an executive order from US President Donald Trump that waived some sanctions and tariffs tied to Russian energy exports, while attacks on Saudi Arabia and Yemen kept fears of Middle East supply disruptions in view.

Brent crude futures fell 49 cents, or 0.45%, to $109.06 a barrel by 0010 GMT. The US West Texas Intermediate crude (WTI) contract for November delivery, set to expire on Tuesday, eased 0.33% to $103.32. The more-active December contract was down 46 cents, or 0.47%, at $98.08.

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