Oil mixed as Russia-Ukraine truce offsets Venezuela supply worries


Brent crude futures settled 2 cents higher, or 0.03%, at US$73.02 a barrel. US West Texas Intermediate crude fell 11 cents, or 0.16%, to US$69.

NEW YORK: Oil prices diverged on Tuesday as a maritime and energy truce between Russia and Ukraine offset concerns about tighter global supply due to threatened US tariffs on countries buying Venezuelan production.

Brent crude futures settled 2 cents higher, or 0.03%, at US$73.02 a barrel. US West Texas Intermediate crude fell 11 cents, or 0.16%, to US$69.

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