![Oil prices dip as Trump’s Ukraine policy hopes offset sanctions impact](https://cyprus-mail.com/wp-content/uploads/2020/06/Pump_jacks_extract_crude_oil_from_oil_wells_resources1_16a31069f08_large.jpg)
Oil prices fell on Monday as expectations of US President-elect Donald Trump relaxing curbs on Russia’s energy sector in exchange for a deal to end the Ukraine war offset concern of supply disruption from harsher sanctions.
Brent crude futures dropped 28 cents, or 0.35 per cent, to $80.51 a barrel by 0739 GMT after closing down 0.62 per cent in the previous session.
The more active US West Texas Intermediate