Crude Oil Prices Decline as Investors Shift Focus to Russia-Ukraine Peace Negotiations
Oil drops 1.4% amid peace talks and Venezuelan tanker seizure.
Crude oil prices fell on Wednesday as market attention returned to peace negotiations between Russia
RU and Ukraine
UA, while traders assessed the implications of a U.S.
US seizure of a sanctioned oil tanker off the coast of Venezuela
VE. At 11:10 AM Italian time, Brent crude futures declined 90 cents, or 1.4%, to $61.32 per barrel, while West Texas Intermediate dropped 84 cents, also 1.4%, to $57.62 per barrel.
RU and UkraineUA, while traders assessed the implications of a U.S.US seizure of a sanctioned oil tanker off the coast of VenezuelaVE. At 11:10 AM Italian time, Brent crude futures declined 90 cents, or 1.4%, to $61.32 per barrel, while West Texas Intermediate dropped 84 cents, also 1.4%, to $57.62 per barrel.
