Oil eases on doubts over Russia-Ukraine peace plan
NEW YORK: Oil prices declined 1% on Tuesday as markets weighed faltering Russia-Ukraine peace hopes against fears of oversupply.
Brent crude futures settled 72 cents lower, or 1.14%, at US$62.45 a barrel, while US West Texas Intermediate crude was down 68 cents, or 1.15%, at US$58.64 a barrel.
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