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International Business Times
International Business Times
Business

Trump Eased Sanctions on Russian Energy. Oil Prices Are Climbing Down.

Donald Trump Sanctions Oil Russia Volodymyr Zelenksyy
Oil prices are falling slightly on Monday after the U.S. waived sanctions on Russian energy. (Credit: Getty Images)

Oil prices are climbing down on Monday after President Donald Trump waived sanctions on Russian energy shortly before they were set to go into effect.

Brent crude, the international benchmark, fell almost 2% and stood at $107.69 per barrel at 9:27 a.m. ET, while West Texas Intermediate, the U.S. benchmark, dropped 1.71% and clocked in at $97.32 at the same time.

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