Brent Crude Oil Price Today (October 19): Brent Falls Below $108, WTI Slips Under $100 as Trump’s Russia Sanctions Waiver Eases Supply Concerns Amid Hormuz Tensions; Check Latest Brent Crude & WTI Oil

Brent Crude Oil Price Today (October 19): Brent crude oil prices fell by more than 2% on Monday, October 19, 2026, retreating from a five-month high as investors assessed US President Donald Trump’s decision to waive certain sanctions and tariffs on Russia, potentially allowing more Russian fuel exports into global markets. US West Texas Intermediate (WTI) crude futures also declined, slipping below $100 per barrel in early trading.

However, continuing security threats in the Middle East, particularly around the Strait of Hormuz, kept concerns over global oil supplies elevated. The latest price movement reflects a market balancing hopes of additional supply against the risk of further disruptions to crude shipments.

Brent Crude Oil Price Today

According to Reuters, Brent crude futures fell $2.29, or 2.08%, to $107.57 per barrel by 0619 GMT on Monday. The benchmark had settled at its highest level since May 19 on Friday, after briefly touching $110 per barrel amid concerns about shipping security and tightening global supplies.

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The decline followed profit-taking after the recent rally, alongside expectations that the US decision on Russia-related sanctions could allow additional fuel supplies to reach international markets.

WTI Crude Oil Price Today

US West Texas Intermediate crude futures dropped $1.95, or 1.92%, to $99.46 per barrel by 0619 GMT, according to Reuters. WTI had closed at its highest level since September 17 in the previous session.

The decline below $100 reflected changing supply expectations following Washington’s decision on Russia-related restrictions. However, the outlook remains uncertain as traders assess the duration and economic impact of the measures.

Why Are Brent Crude Oil Prices Falling Today?

Oil prices declined after Trump signed an executive order on Friday waiving certain sanctions and tariffs under the Graham Act. The decision could facilitate additional Russian fuel exports and ease some pressure on international energy markets.