Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia – WTOP News
Brent crude fell about $1.50 a barrel as Trump’s Russia diesel plan drew criticism from six senators and lifted inflation worries.
- On Friday, President Donald Trump announced a deal to purchase diesel from Russia, aiming to lower fuel prices ahead of the Nov 3 US midterm elections. The plan drew immediate criticism for undermining efforts to cut funding for Russia's war against Ukraine.
- Congress recently passed legislation directing tariffs on Russian oil and natural gas importers, with exceptions for countries reducing reliance by less than 15%. Trump's deal directly challenges this framework.
- Russia will supply more than 300,000 tons of diesel immediately, followed by 500,000 tons in November and 1 million tons "immediately thereafter," Trump wrote. An additional 3 million tons will arrive "within a short period of time."
- A bipartisan group of six senators called Sunday for the administration to "immediately reverse course" on the plan. Asian shares traded mixed early Monday as Brent crude fell about $1.50 a barrel amid the controversy.
- Markets shift focus to Tuesday, when Citigroup, JPMorgan Chase, and Wells Fargo report earnings from the most recent quarter. Investors also await updates on US inflation and retail sales this week.
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Idaho Press
Asian shares are mixed and Brent crude at $104 a barrel after Trump says US will buy Russian diesel
Asian shares are mixed and oil prices have steadied as U.S. President Donald Trump's plan to purchase diesel from Russia draws criticism from some lawmakers. South Korea's Kospi lost 3.7% early Monday. U.S. stock futures edged higher after Wall Street…
Asian shares mixed, oil prices fall about USD 1.50 as Trump says US will buy diesel from Russia
Bangkok, Oct 12: Asian shares were mixed and oil prices fell about USD 1.50 a barrel Monday as US President Donald Trump's plan to purchase diesel from Russia drew criticism from some lawmakers. US stock futures gained more than 0.3 per cent after Wall Street finished its record-setting week with gains. This week will bring updates on inflation and retail sales in the US. The biggest US banks will report earnings from the most recent quarter. In…
Globes presents first update on the state of markets around the world • And this morning: Geopolitical risks in the spotlight, after Houthi attacks on Saudi Arabia continue • Mixed trend in Asia and increases in New York contracts • Oil prices fall after Trump said Russia and Ukraine will not attack each other • Jefferies: AI will conquer the world, but investors could lose huge capital
Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia – WTOP News
BANGKOK (AP) — Asian shares were mixed and oil prices fell about $1.50 a barrel Monday as U.S. President Donald Trump’s plan to purchase diesel from Russia drew criticism from some lawmakers. U.S. stock futures gained more than 0.3% after Wall Street finished its record-setting week with gains. This week will bring updates on inflation...
The investors in Asia are calming down the week. While the markets in Japan remain closed, the investors are holding back at the other trading venues.
Brent Crude Falls to $103.18 as Oil Markets React to Supply Outlook
SINGAPORE: Oil prices declined in global markets on Monday amid expectations of increased diesel supplies from Russia, easing concerns over fuel availability. Brent crude futures fell by $1.54, or 1.47%, to $103.18 per barrel, while US West Texas Intermediate (WTI) crude dropped by $1.54, or 1.68%, to $90.31 per barrel, according to market data. Diesel […]
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