India, Oct. 19 -- 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.

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