Open Demo Account
Home / Market Update / Commodities / Oil drops $7 a barrel on positive signals about Russia-Ukraine peace talks

Oil drops $7 a barrel on positive signals about Russia-Ukraine peace talks

Adel 29 March, 2022 5:18 pm Commodities, Market Update

Oil prices fell as much as $7 a barrel during trading on Tuesday, extending losses from the previous session, after Russia described peace talks with Ukraine as constructive, while fresh shutdowns in China to curb the spread of the coronavirus hit fuel demand.

Brent crude futures fell to $105.46 a barrel by 1240 GMT.

US West Texas Intermediate crude contracts fell from the $100 level to $98.75 a barrel.

Tags

Check Also

AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets

In a dramatic twist of global economic fortunes, the Australian dollar has crashed to its …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends