Oil recoups some losses after report of Kyiv forces attacking Russia-backed rebels | Reuters

Oil recoups some losses after report of Kyiv forces attacking Russia-backed rebels | Reuters

Oil recovered some of its more than 2% fall in Asian trade on Thursday after Russian-backed rebels in eastern Ukraine accused Kyiv government forces on Thursday of shelling their territory with mortars.

U.S. West Texas Intermediate (WTI) crude was trading down 0.7% at $92.98 a barrel at 0422 GMT, after earlier falling more than 2%.

Brent crude was trading down 0.6% at $94.2 at 0420 GMT, after also dropping earlier by over 2%.

Russian-backed rebels in eastern Ukraine said Kyiv government forces on Thursday used mortars to attack their territory, in violation of agreements aimed at ending the conflict, Russian state news agency RIA said. read more