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Oil slips as Trump's sanction waiver may lead to more Russian fuel supplies
SINGAPORE: Oil prices slipped on Monday after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports. Brent crude futures fell $1.43, or 1.30%, to $108.43 a barrel by 2340 GMT after settling at its highest since May 19 on Friday. US West Texas Intermediate crude was at $100.88 a barrel, down 53 cents, or 0.52%. Trump signed an executive order on Friday waiving key sanctions and tariffs under the law known as the Graham Act, which he signed last month at the urging of lawmakers who want to pressure Moscow over its war in Ukraine. Howeve...
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