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16 Oct 2025

Brent crude futures rise 1% after Trump says India will stop buying Russian oil

Brent crude futures rose 1.1 percent to $62.61 a barrel after US President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi had pledged to stop buying oil from Russia.

Trump said he would seek to persuade China to take a similar step, as Washington intensifies its efforts to cut off Moscow's energy revenues.

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