Oil prices dip on hopes of Ukraine crisis easing


FE Team | Published: April 02, 2014 00:00:00 | Updated: November 30, 2026 06:01:00



SINGAPORE, Apr 1 (AFP) : Oil prices dipped in Asian trade Tuesday as reports of a partial withdrawal of Russian troops along the Ukrainian border raised hopes of an easing in the worst East-West standoff since the Cold War.
New York's West Texas Intermediate (WTI) for May delivery dropped 28 cents to $101.30 a barrel in afternoon trade and Brent North Sea crude for May shed 13 cents to $107.63.
The Ukrainian defence ministry's general staff spokesman Oleksiy Dmytrashkivskiy told AFP Monday that Russian forces have been "gradually withdrawing" from its border.

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