Oil drops 2% amid concerns over Russian supply disruptions
The Peninsula
New York: Oil prices fell by nearly 2% on Tuesday, reversing gains from the previous session, as traders closely monitored developments in the Ukraine...
New York: Oil prices fell by nearly 2% on Tuesday, reversing gains from the previous session, as traders closely monitored developments in the Ukraine conflict and its potential impact on Russian fuel supplies.
Brent crude dropped $1.28, or 1.9%, to $67.52 per barrel by 11:19 am Eastern Time, after reaching its highest level since early August.
Meanwhile, US West Texas Intermediate (WTI) crude fell $1.30, or about 2%, to settle at $63.50 per barrel.
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