CommoPlast

Oil tumbled from seven-year highs as Russia-Ukraine tension eased

Oil tumbled from seven-year highs as Russia-Ukraine tension eased



International benchmarks for crude oil fell more than 3% on Tuesday, 15 February 2022 after Russia announced the withdrawal of its troops near Ukraine, easing the fear of an invasion.

Brent plunged $3.2 or 3.3% to close at $93.28/barrel. 

WTI fell $3.39 or 3.6% to close at $92.07/barrel.