OpenAI · Donald Trump · Russia · Ukraine · White House · NBC News Tech
Energy prices rise after Trump’s ‘energy ceasefire’ falters to move Russia or Ukraine
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Oil and gas prices rose Monday after an “energy ceasefire” announced by President Donald Trump on Sunday failed to gain traction.
Key facts
- Brent crude oil jumped 2% to almost $108 per barrel and U.S. crude oil rose more than 2% to about $94
- Trump said the deal with Putin would “immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace
- Reported gasoline output is down by 20% compared with 2025 levels, while diesel production is estimated to have fallen by nearly 30%, prompting the government to restrict fuel exports to protect
- The average nationwide price of diesel fuel Monday was $6.26 per gallon, nearly 80% higher than it had been at the start of the year, according to AAA data
Summary
Brent crude oil jumped 2% to almost $108 per barrel and U.S. crude oil rose more than 2% to about $94. Weeks out from the Nov. 3 midterm elections, the price pressures are mounting. The average nationwide price of diesel fuel Monday was $6.26 per gallon, nearly 80% higher than it had been at the start of the year, according to AAA data. The rising prices Monday came less than 24 hours after Trump declared that a ceasefire had been agreed to.