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Delayed 15 min · 16:23 GMT

FLASH

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Industries

Brent slips below $108 as Trump’s Russia waiver cools oil rally

Oil prices fell nearly 2% on Monday after Trump paused some Russia sanctions, raising hopes of more Russian supply. Prices remain high, with Brent near $108 and WTI back under $100.

News | 19 October 2026

Brent slips below $108 as Trump’s Russia waiver cools oil rally

Brent crude futures fell 1.90% to $107.85 a barrel and WTI dropped 1.57% to $97.49.

That followed a week in which oil gained nearly 5%, and Brent briefly hit $110 on Friday, its highest level since May.

The pullback came as Trump temporarily paused certain sanctions and tariff measures on Russia. Supply risks persist, with attacks on ships in the Persian Gulf increasing and Ukraine and Russia trading strikes on energy infrastructure.