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Oil rises 1% after Trump says India promised to stop buying from Russia
Yahoo Financeยท2025-10-16 07:17

By Katya Golubkova and Sam Li TOKYO (Reuters) -Oil prices rose around 1% on Thursday after U.S. President Donald Trump said Indian Prime Minister Narendra Modi had pledged his country would stop buying oil from Russia, a move that could drain supply elsewhere. Brent crude futures rose 56 cents, or 0.9%, to $62.47 a barrel by 0655 GMT. U.S. West Texas Intermediate (WTI) futures climbed 58 cents, or 1%, to $58.85. Both contracts touched their lowest since early May in the previous session on U.S.-China tr ...