Global crude oil prices reversed course and moved higher today amid skepticism over U.S. President Donald Trump’s announcement of energy ceasefire between Ukraine and Russia. Brent crude was trading 1.2 per cent up at 105 US dollars and 99 cents per barrel. West Texas Intermediate crude was also trading over 1.2 per cent higher at 92 US dollars and 98 cents per barrel, at the time of writing this report.
News On AIR | October 12, 2026 6:23 PM
Oil prices move upward amid announcement of energy ceasefire between Russia and Ukraine