Russia waivers and Yemen’s war may pull oil prices in opposite directions

Brent fell 2.6% to $106.97 early Monday, Oct. 19, as markets positioned for more supply after President Trump’s Russia waivers, Investing.com reported. Before Tuesday’s open it was at $109.70, as Houthi attacks on Saudi Arabia raised supply worries, CNBC reported. Yemeni officials told the AP a missile strike on a Shabwa training camp killed at least 60 people. Read together, the stories may show supply relief and war risk pulling oil prices in opposite directions.

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