MOSCOW, October 19. /TASS/. The price of a Brent crude futures contract for December 2026 delivery has lost more than 2.7% on London’s ICE, according to trade data.
As of 10:34 a.m. Moscow time (7:34 a.m. GMT), the Brent price was down by 2.77% at $106.82 a barrel.
By 11:24 a.m. Moscow time (8:24 a.m. GMT), the price of Brent had narrowed losses to 2.46% reaching $107.16 per barrel. Meanwhile the price of futures contracts of WTI crude oil for November 2026 delivery was down by 2.09% at $96.95 per barrel.
On the evening of October 16, the price of futures contracts of Brent crude oil grew to $110 per barrel for the first time since May 20, 2026, though it did not surpass that mark.
On October 17, it was reported that US President Donald Trump had issued an executive order stating that he would not impose a number of sanctions based on legislation tightening restrictions against Moscow.
On September 18, Trump signed a bill passed by Congress that mandates sanctions against Russia’s top political and military leadership, state-owned enterprises, as well as secondary sanctions against Russia’s trading partners. According to the document, within 30 days of its signing, which is by October 18, the Washington administration is to determine which legal entities and individuals should be subject to those restrictions, or conclude that such new restrictive measures are not in the United States’ interest and notify Congress of that.