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Oil prices climbed on Monday.
The West Texas Intermediate for November delivery gained 19 cents, or 0.21 percent, to settle at 92.6 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for November delivery went up 96 cents, or 0.92 percent, to settle at 105.28 dollars a barrel on the London ICE Futures Exchange.
Crude futures settle higher
Russian President Vladimir Putin signed a presidential decree on Monday extending the deadline for the mandatory ruble settlement mechanism for natural gas trade from the originally scheduled October 1, 2026 to April 1, 2027.
Under the ruble settlement rule, foreign buyers are required to deposit rubles into the Russian bank accounts of Russian suppliers in order to complete payment.
Putin extends ruble payment requirement for foreign gas buyers to April 1 of 2027
