Hanoi:Oil prices saw a decline today amid expectations of increased Russian energy supplies after an announcement of an agreement between Ukraine and Russia to halt strikes on each other's energy facilities.
According to Oman News Agency, US President Donald Trump announced that Russia will increase its diesel supply to American and global markets, starting with more than 300,000 tonnes (2.25 million barrels) immediately, 500,000 tonnes in November, and an additional million tonnes shortly thereafter.
Despite the announcement, Ukrainian President Volodymyr Zelensky stated he is still awaiting the details of the energy ceasefire, while Russia has yet to comment on the agreement. Brent crude futures dropped by $1.54, or 1.47 percent, to $103.18 per barrel. Meanwhile, US West Texas Intermediate crude fell by $1.54, or 1.68 percent, to $90.31 per barrel.