October 16, 2025
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Economy

Oil prices rose after Trump's statement about India's promise to stop buying from Russia

Oil prices rose after Trump’s statement about India’s promise to stop buying from RussiaOil prices rose by 1% after Donald Trump’s statement about India stopping purchases of Russian oil. Brent futures rose to $62.45, WTI to $58.84.

”, — write: unn.ua

Kyiv • UNN

October 16 2025, 05:19 AM • 838 views

Oil prices rose by 1% after Donald Trump’s statement about India stopping purchases of Russian oil. Brent futures rose to $62.45, WTI to $58.84.

Oil prices rose after Trump's statement about India's promise to stop buying from Russia

Oil prices rose by about 1% on Thursday after US President Donald Trump said that Indian Prime Minister Narendra Modi had promised that his country would stop buying oil from Russia, which could lead to a reduction in supplies elsewhere, UNN reports with reference to Reuters.

DetailsBrent crude futures rose 54 cents, or 0.87%, to $62.45 a barrel by 04:30 GMT. US West Texas Intermediate (WTI) crude futures rose 57 cents, or 0.98%, to $58.84.

To be continued…

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