Brent falls over 2% on possible US sanctions relief

 Oil futures declined on Thursday, with Brent dropping over 2% as investors assessed reports that Washington could ease restrictions on Russian oil tankers, potentially allowing more supplies to reach global markets.

Meanwhile, Kremlin Press Secretary Dmitry Peskov said earlier today that "reasonably large quantities" of Russian diesel are entering international markets and are anticipated to alleviate the energy crisis.

West Texas Intermediate (WTI) for settlements in November fell 0.35% at 6:09 am ET, going for $94.76 per barrel, while Brent for deliveries in December decreased by 2.06% and went for $103.92 per barrel.

https://breakingthenews.net/Article/Brent-falls-over-2-on-possible-US-sanctions-relief/67304520