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International benchmarks for crude oil fell another 2% on Tuesday, 29 March 2022 on reports of promising outcomes from the Russia-Ukraine talks to end the war. Besides, the lockdown in China threatens the demand outlook.

Brent settled $2.25 lower, or 2% at $110.23/barrel. 

WTI loses $1.72 or 1.6% to close at $104.24/barrel.