Oil Prices Fall on Expected Russian Supply Rise

Oil prices fell in early Asian trading on Monday after US President Donald Trump lifted sanctions and tariffs imposed on Russia, a move that could lead to an increase in Russian fuel exports.

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Brent crude futures fell $1.06, or 0.96%, to $108.80 a barrel, after closing on Friday at their highest level since May 19.

US West Texas Intermediate crude stood at $101.18 a barrel, down 23 cents, or 0.23%.

Source: Reuters