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Oil slips from 5-month high as Trump’s Russia sanctions waiver may bring more supplies
Crude oil futures fell modestly after President Trump waived some sanctions and tariffs on Russia, potentially allowing additional Russian diesel exports to reach international markets.
Oil prices declined on Monday after US President Donald Trump issued an executive order suspending numerous sanctions against Russia and waiving proposed tariffs on countries importing Russian oil. The decision raised expectations that additional Russian crude could remain available to international markets.