NewzOil prices declined in Monday trading, with Brent crude futures dropping $1.54, or 1.47 percent, to $103.18 a barrel. The downturn was driven by market expectations of increased Russian oil supplies following recent geopolitical developments.
US President Donald Trump announced that Ukraine and Russia had reached an agreement to halt attacks on each other's energy infrastructure. This accord followed a broader US diesel-supply deal brokered with Moscow, paving the way for the de-escalation in energy-related hostilities.
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