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Oil prices fall despite concerns about Russian supply disruption - YAHOO FINANCE
Oil prices slumped on Tuesday morning, despite developments around the war in Ukraine prompting concerns about disruption to Russia's supply.
Brent crude (BZ=F) futures fell 1% to $68.07 per barrel at the time of writing, while West Texas Intermediate futures (CL=F) declined 1.2% to $64.01 a barrel.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: "Brent crude oil slipped...this morning, after Monday’s rally, which had lifted prices to a three-week high on fears of supply disruptions from fresh Ukraine drone strikes on Russian energy assets.
"Traders are weighing renewed geopolitical tensions, looming US sanctions on Moscow, and tariffs on India over Russian crude purchases, set to kick in tomorrow."
Investors are also awaiting the latest US oil inventories data, which is due out on Wednesday.
