💨 Abstract

On Monday, oil prices were stable as expectations of U.S. President-elect Donald Trump easing restrictions on Russia's energy sector in exchange for ending the Ukraine war counterbalanced concerns of supply disruption from harsh sanctions. Brent crude futures dropped slightly, while U.S. West Texas Intermediate crude saw a minimal increase. The new sanctions, which could limit oil supply from Russia, could be short-lived depending on Trump's actions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖