Brent crude futures fell $1.54, or 1.47%, to $103.18 a barrel by 0154 GMT while US West Texas Intermediate crude was at $90.31 a barrel, down $1.54, or 1.68%
Brent crude futures fell $1.54, or 1.47%, to $103.18 a barrel by 0154 GMT while US West Texas Intermediate crude was at $90.31 a barrel, down $1.54, or 1.68%
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On Monday, oil prices dipped as the prospect of increased Russian supplies emerged following a ceasefire announcement linked to a new diesel-supply deal between Ukraine and Russia. However, rising tensions in the Middle East kept Brent crude trading above $100 a barrel. Compounding this, recent violent incidents involving tankers and ongoing regional conflicts have severely disrupted global oil markets.
GLOBAL-OIL:Oil falls on hopes Russia-Ukraine energy ceasefire will boost
