16 Oct 2025 | 3 Mins Read
Oil prices rise on Trump's claim of Indian oil halt
Flipitmoney
US President Donald Trump's claim that India will stop buying oil from Russia led to a 1% rise in oil prices. Brent crude futures rose 0.9% to $62.48, while WTI futures rose 0.9% to $58.81. India's decision could remove a big buyer of Russian oil, but the impact of US crude and gasoline stockpiles remaining sluggish on demand is uncertain.