India, Oct. 12 -- Oil prices slipped on Monday as markets weighed the possibility of more Russian diesel supplies. US President Donald Trump said Russia would supply additional diesel to the US and global markets. He also announced that Russia and Ukraine had agreed to stop attacks on each other's energy facilities. These developments raised hopes that fuel supplies could improve and ease some pressure on prices.

Brent crude prices stood at $104.50 per barrel on Monday. Brent crude futures fell 22 cents, or 0.2%, to $104.50 per barrel by 0821 GMT. Meanwhile, US West Texas Intermediate (WTI) crude fell 40 cents, or 0.4%, to $91.45 per barrel. Both benchmarks had fallen by more than 1% earlier in the session.

Trump's diesel deal could bri...