Oil slips as traders weigh Russia waiver against Mideast risks: Oct 19, 2026
WTI has retreated from a one-month top to trade near and below $97.50 as traders weigh a US waiver of Russia oil sanctions and supply hopes linked to a Trump-Putin diesel deal. The move comes alongside reports of two tankers catching fire after hitting mines in the Strait of Hormuz and two more tankers hit off the Saudi coast, with wider worry about high US inflation and oil prices.
Updated
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (13)
First seen on October 19
- High U.S. Inflation and Oil Prices Worry MarketsActionForex
- Oil Futures Fall on Possible Correction, But Drop May Be Limited by Geopolitical TensionsThe Wall Street Journal
- WTI drops to near $97.50 as US waives Russia oil sanctionsFXStreet
- Lavrov to outline Russia’s de-escalation efforts during visit to IranTASS
- Oil Prices Slip as Trump-Putin Diesel Deal Raises Supply HopesOilPrice.com
- WTI Price Forecast: Retreats from one-month top; slides below $97.50 but uptrend holdsFXStreet
- Oil Prices Fall as Traders Weigh Russia Sanctions Waiver, Middle East RisksThe Wall Street Journal
Carried over from earlier days
- Bitcoin Under Pressure as Trump Reportedly Prepares to Strike Iran Within 24 HoursCryptoPotato
- Two More Tankers Hit Off Saudi Coast As Brent Tops $110ZeroHedge
- Oil prices may grow even further if Hormuz issue not settled — Russian deputy premierTASS
- Oil Prices Stay High as War Keeps Supply Tight Into 2027OilPrice.com
- Iran says two tankers catch fire after hitting mines in Strait of HormuzAl Jazeera
- Brent crude hovers near $109 a barrel as Ukraine resumes energy strikes, tankers attacked in Middle EastCNBC
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 19 | ||
| New Home Prices m/m | CNY | |
| Retail Sales y/y | 0.5% | CNY |
| Industrial Production y/y | 5.4% | CNY |
| Fixed Asset Investment ytd/y | -7.3% | CNY |
| GDP q/y | 4.4% | CNY |
| Unemployment Rate | 5.3% | CNY |
| NBS Press Conference | CNY | |
| Foreign Direct Investment ytd/y | CNY | |