US crude oil futures prices have fallen slightly from their highests since 2014. Traders are both looking at Russia’s intentions over Ukraine and the outlook for global oil demand.
The New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) futures closed on the 14th above $ 95 since 2014, but fell slightly on the morning of the 15th Asian time.
The situation in Ukraine continues to be tense, and the United States warns that Russia’s invasion of Ukraine is imminent. Meanwhile, Russia has suggested continuing dialogue with the West.
Putin suggests continued dialogue with the West-Ukrainian crisis (1)
As of 8:04 am on the 15th of Singapore time (9:04 am Japan time), the March contract for WTI futures fell 0.8% to $ 94.71 a barrel.
Original title:Oil Edges Lower as Investors Weigh Ukraine Crisis, Global Demand(excerpt)
