Oil flat as Russia-Ukraine peace hopes fade


Brent crude futures for February delivery settled down 2 cents, or 0.03%, at US$61.92 a barrel. US West Texas Intermediate ‌crude settled down 13 cents, or 0.22%, at US$57.95.

HOUSTON: Oil was steady after a choppy session on Tuesday as investors weighed dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen.

Brent crude futures for February delivery, which expire on Tuesday, settled down 2 cents, or 0.03%, at US$61.92 a barrel. US West Texas Intermediate ‌crude settled down 13 cents, or 0.22%, at US$57.95.

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