Crude Oil Falls as US Waives Russia Energy Sanctions to Ease Supply

Crude oil prices retreated on Monday, with Brent dropping $1.80, or 1.64%, to $108.06 per barrel and WTI sliding 53 cents to $100.88. The decline halted a multi-session rally that saw crude surge nearly 5% the previous week after briefly topping $110. Downward pressure followed an executive order signed by US President Donald Trump waiving Graham Act sanctions and tariffs on Russian energy exports. The policy move, intended to boost global fuel supplies and allow US diesel imports, outweighed Middle East tensions that cut Gulf transit to 8.5 million barrels per day.