Oil prices fall as potential Russian fuel supplies weigh on markets

Crude oil prices slipped on expectations that relaxed sanctions could enable greater volumes of Russian fuel to enter global markets. Brent crude futures declined by $1.43 per barrel, or 1.30%, to settle at $108.43 by late trading, according to market data. The pullback came after the commodity had reached its strongest level in nearly three months on Friday.

The decline reflects investor concerns about potential oversupply in global petroleum markets. Any significant increase in Russian crude exports would add to existing supply pressures amid signs of moderating demand growth in key economies. Market participants remain focused on how geopolitical developments may influence global energy flows in the coming months.

Oil prices remain elevated compared to levels seen earlier this year, though volatility continues to characterize the market as traders assess competing supply and demand dynamics. The broader energy complex will likely remain sensitive to policy announcements affecting sanctions regimes and trade flows.