Brent Crude Oil Price Today: Bull and Bear Case as the…
By Tobi Opeyemi Amure
AI summary of the source article
Brent crude fell to around $108 a barrel on 19 October 2026 after President Trump waived new Graham Act sanctions on Russian oil buyers and announced a deal to import Russian diesel into the United States.
Why it matters
Friday's waiver removes that risk for now, and the diesel deal adds a new source of the fuel that has been tightest this year.
Key facts
- Brent crude traded down about 1.7 to 1.9 percent near $108 a barrel on Monday 19 October 2026, after settling at $109.86 on Friday.
- President Trump signed an executive order waiving Graham Act sanctions and tariffs targeting major buyers of Russian oil and gas, initiating a 60-day review.
- Under a new agreement, Russia will initially supply more than 300,000 metric tons of diesel to the US.
Source excerpt · FinanceFeeds
Updated 19 October 2026. Brent crude traded near $108 a barrel in Asian trading on Monday 19 October, down about 1.7-1.9 percent on the day, after Friday's settle at $109.86, its highest since May (ABC News, HDFC Sky, Reuters settlement). The trigger: President Trump's Friday order waiving new Russia sanctions and tariffs, paired with a deal to bring Russian diesel to the US. Verdict: the waiver t…