The price of West Texas Intermediate (WTI) fell 2% on Monday after US President Donald Trump did not announce further sanctions on Russian oil, disappointing markets who had been expecting more stringent measures after he touted a “major statement” on the country. The lack of prompt action The price of West Texas Intermediate (WTI) fell 2% on Monday after US President Donald Trump did not announce further sanctions on Russian oil, disappointing markets who had been expecting more stringent measures after he touted a “major statement” on the country. The lack of prompt action affected prices even though Trump threatened to impose 100% secondary penalties on Russia if a ceasefire wasn’t established within 50 days. WTI for settlements in August decreased by 2.02% at 1:16 pm ET, selling for $67.07 per barrel. Brent for deliveries in September lost 1.58% and went for $69.25 per barrel at the same time. affected prices even though Trump threatened to impose 100% secondary penalties on Russia if a ceasefire wasn’t established within 50 days. WTI for settlements in August decreased by 2.02% at 1:16 pm ET, selling for $67.07 per barrel. Brent for deliveries in September lost 1.58% and went for $69.25 per barrel at the same time.