News > Oil drops over 4% on positive signals from Russia-Ukraine peace talks
Oil drops over 4% on positive signals from Russia-Ukraine peace talks
Business Standard | 29/03/2022 08:46 PM | Click to read full article
Oil prices dropped on Tuesday, extending losses from the previous day after Russia called peace talks with Ukraine constructive and China's new lockdowns to curb the spread of the coronavirus hit fuel demand.
Brent crude fell $4.55, or 4%, to $107.93 a barrel by 1210 GMT, and U.S. West Texas Intermediate (WTI) crude was down $4.64, or 4.4%, at $101.32.
