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The Economic Times

Business

Oil slips as Trump's sanction waiver may lead to more Russian fuel supplies

Donald Trump Oil Sanctions Volodymyr Zelenksyy United States Russia Ukraine

Oil prices slipped on Monday after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports.

Brent crude futures fell $1.43, or 1.30%, to $108.43 a barrel by 2340 GMT after settling at its highest since May 19 on Friday.

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