Oil Falls More Than $1 on Easing Geopolitical Fears, Oversupply Worries
Oil prices fell more than $1 amid easing geopolitical fears and oversupply worries. The body says Russia and Ukraine agree but provides no further detail.
Story updates
04:51:59 AM UTC
SquawkNews
By Yuka Obayashi and Siyi LiuOil prices fell more than $1 per barrel on Thursday as easing concerns over an escalation of conflict in the Middle East reduced the risk premium in crude markets, while rising OPEC+ output and growing US inventories fed worries about oversupply.Brent futures ICEEUR:BRN…