Oil eases as Ukraine hints at concessions to Russia | Reuters
Oil eased on Monday, after earlier hitting its highest in more than seven years, as Ukraine hinted at possible concessions to Russia that could alleviate tensions between the two countries that Western governments say are on the brink of war.
Brent crude was down 81 cents, or 0.9%, at $93.63 a barrel by 1259 GMT, off an ealier peak of $96.16, the highest since October 2014.
U.S. West Texas Intermediate (WTI) crude fell 83 cents, or 0.9%, to $92.27 a barrel, after hitting $94.94, the loftiest since September 2014.
"Market participants are concerned that a conflict between Russia and the Ukraine could disrupt supply," said Giovanni Staunovo, commodity analyst at UBS.
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