Oil slips from 5-month high as Trump’s Russia sanctions waiver may bring more supplies
- Oil prices fell from a five-month high as investors reacted to a sanctions waiver on Russia by President Trump; Brent crude dropped 2.08% to $107.57 a barrel.
- West Texas Intermediate crude decreased by 1.92%, settling at $99.46 a barrel after reaching its highest since September.
- Trump's executive order waives key sanctions under the Graham Act, following lawmakers' pressure related to the war in Ukraine.
- Secretary of State Marco Rubio indicated a 60-day assessment period for the impact of the sanctions on the global economy.
