Daily Market Updates: Oil prices slide as sanctions relief on Russian crude raises hopes of increased supply

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At close · Thu, Oct 8, 2026

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Oil prices slide as sanctions relief on Russian crude raises hopes of increased supply

Reported · Written up by our desk · North America

U.S. President Donald Trump invoked the Graham Act’s national-interest waiver to suspend new duties on Russian goods and major Russian energy buyers.

Latest closeWTI crude $91.10 ▲3.2%

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Sources

CNBC WorldOil prices slide as sanctions relief on Russian crude raises hopes of increased supply

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