Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies
- Oil prices fell on Monday, driven by expectations of increased Russian supplies following a diesel-supply deal announced by US President Trump.
- Brent crude futures dropped by $1.54 to $103.18 a barrel, while US West Texas Intermediate crude also decreased by $1.54, settling at $90.31 a barrel.
- Russia is expected to supply over 300,000 metric tonnes of diesel immediately and an additional 1.5 million tonnes in the coming months, easing immediate supply pressures.
