WTI drops from 4-month high along with Brent amid Ukraine tensions

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Source: Bloomberg
© RS
West Taxes Intermediate along with Brent crude fell from the strongest levels in four months on speculation the heightened tension between Ukraine and Russia will hardly result in destruction of oil supplies. Futures in U.S. declined 1.4% for the first time during three days, while WTI crude for delivery in April slipped $1.46 down to $103.46 a barrel on the New York during the electronic trading and reached $103.56 at 11:09 a.m. in London. Brent crude for April settlement gave up $1.89 to $109.31 a barrel.
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