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Oil Prices Slip as Trump-Putin Diesel Deal Raises Supply Hopes

Source: OilPrice.com · Oct 19, 2026 05:25 UTC

Oil refinery towers and pipes with a city skyline in the distance — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Crude oil prices began the week with a dip on traders' expectations of a boost in diesel fuel supply under the deal agreed by the presidents of Russia and the United States. However, the dip in oil benchmarks came from a much higher point than a week ago, leaving prices palpably elevated. At the time of writing, Brent crude was changing hands for $107.84 per barrel, with West Texas Intermediate tr

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