Oil falls on Ukraine peace talk hopes, China demand fears
U.S. crude futures fell on Tuesday, extending losses from the previous day as Ukraine and Russia headed for peace talks and on fears of a drop in fuel demand in China after the financial hub of Shanghai shut down to curb a surge in COVID-19 cases.
Brent crude futures were trading down $1.07, or 1.0%, at $111.41 a barrel at 0107 GMT, having dipped as low as $109.97. Source: Reuters