Oil eases as markets assess potential waiver on Russian energy, Middle East supply risks

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Oil prices have fallen as markets weighed an executive order from US President Donald Trump that waived some sanctions and tariffs tied to Russian energy exports, while attacks on Saudi Arabia and Yemen kept fears of Middle East supply disruptions in view, Reuters reports.

Brent crude futures fell 49 cents, or 0.45 per cent, to $109.06 a barrel by 0010 GMT. The US West Texas Intermediate crude (WTI) contract for November delivery, set to expire on Tuesday, eased 0.33pc to $103.32. The more-active December contract was down 46 cents, or 0.47pc, at $98.08.

Brent rose as high as $110.70 per barrel in the previous session, its highest since May 20.

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