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Oil slips on hopes of more Russian supply; Brent stays above $100
Oil prices fell in early trading Monday after President Trump said Russia and Ukraine agreed to halt attacks on energy facilities, following his announcement of a diesel-supply deal with Russia. Brent crude stayed above $100 a barrel as conflict in the Middle East continues, and an analyst told Reuters doubts about the ceasefire would limit the drop. U.S. stock futures edged higher.
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Sources
- Reuters via Yahoo Finance: Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies
- Yahoo Finance: Stock market today, Monday, Oct. 12
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- Zelenskyy says Russia kept hitting energy sites after Trump's ceasefire announcement
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