{
  "id": 13853347,
  "title": "Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies",
  "url": "https://urgent.news/2026/10/12/oil-falls-on-hopes-russia-ukraine-energy-ceasefire-will-boost-supplies",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T02:33:26.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40443764/oil-falls-on-hopes-russia-ukraine-energy-ceasefire-will-boost-supplies"
  },
  "original_language": "en",
  "account": "Oil prices declined on Monday, anticipating increased Russian supplies following a reported energy ceasefire between Ukraine and Russia. Brent crude futures dropped $1.54, or 1.47%, to $103.18 a barrel, while US West Texas Intermediate crude slipped $1.54, or 1.68%, to $90.31 a barrel. ICE gasoil futures fell 3% to $1,436 per barrel. US President Donald Trump announced this energy ceasefire on Friday, stating that Russia would supply over 300,000 metric tons of diesel to US and global markets. Russia pledged an additional 500,000 tons in November and another 1 million tons immediately thereafter. The IEA's Executive Director, Fatih Birol, suggested that all members assess the need for further diesel releases, prioritizing diesel deliveries for countries that have not yet completed their pledged volumes. However, the Middle East conflict continued to support oil prices above $100 a barrel, with the Houthis claiming responsibility for an attack on Riyadh's international airport and Saudi authorities reporting new attacks on the airport. Goldman Sachs raised its Brent crude price forecast for December to $90 a barrel, although they maintain that continued adaptation of Middle East supply will eventually reduce crude oil prices.",
  "summary": "SINGAPORE: Oil prices slipped on Monday on expectations of more Russian supplies after US President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other’s energy facilities following a US diesel-supply deal with Moscow. Brent crude futures fell $1.54, or 1.47%, to $103.18 a barrel by 0154 GMT while US West Texas Intermediate crude was at $90.31 a barrel, down $1.54, or…",
  "key_points": [
    "Oil prices drop 1.47% on hopes of increased Russian supplies",
    "US President Trump announces energy ceasefire between Russia and Ukraine",
    "IEA considers further diesel releases for countries short on volumes"
  ],
  "editors_take": "The anticipated influx of Russian diesel into global markets threatens to ease supply constraints and drive down crude prices despite ongoing geopolitical tensions in the Middle East.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies",
        "url": "https://urgent.news/2026/10/11/oil-falls-on-hopes-russia-ukraine-energy-ceasefire-will-boost-supplies",
        "published": "2026-10-11T23:01:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Oil prices dip after Trump announces Russia-Ukraine energy ceasefire",
        "url": "https://urgent.news/2026/10/12/oil-prices-dip-after-trump-announces-russia-ukraine-energy-ceasefire",
        "published": "2026-10-12T00:19:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}