Crude oil prices fell to levels not seen since the start of 2021 as a widely expected supply glut picked up momentum and peace talks in the Russia-Ukraine conflict took steps forward. Futures on international pricing benchmark Brent crude (BZ=F) fell by more than 2.8% to trade below $58.86 on Tuesday morning, while futures on US benchmark West Texas Intermediate (WTI) crude (CL=F) temporarily fell by a deeper 3.1% to trade below $55. Both energy products reached levels Tuesday morning that had not been s ...

Crude oil prices fell to levels not seen since the start of 2021 as a widely expected supply glut picked up momentum and peace talks in the Russia-Ukraine conflict took steps forward. Futures on international pricing benchmark Brent crude (BZ=F) fell by more than 2.8% to trade below $58.86 on Tuesday morning, while futures on US benchmark West Texas Intermediate (WTI) crude (CL=F) temporarily fell by a deeper 3.1% to trade below $55. Both energy products reached levels Tuesday morning that had not been s ...

Crude oil prices fell to levels not seen since the doldrums of the pandemic at the start of 2021, as a widely expected supply glut picked up momentum and peace talks in the Russia-Ukraine conflict took steps forward. Futures on international pricing benchmark Brent crude (BZ=F) fell by 2.2% to trade below $59.30, while US benchmark West Texas Intermediate (WTI) crude (CL=F) fell by a deeper 2.4% to trade below $55.50. Both energy products reached levels Tuesday morning that haven't been seen since Februar ...