Oil steady as Russia-Ukraine supply fears wane | Reuters
Oil prices on Wednesday fell from seven-year highs hit the previous day after a first wave of U.S. and European sanctions on Russia appeared unlikely to disrupt oil supplies.
Brent crude was down 27 cents, or 0.2%, to $96.57 a barrel at 1247 GMT, after hitting $99.50 on Tuesday, the highest since September 2014.
U.S. West Texas Intermediate (WTI) crude futures fell 36 cents, or 0.3%, to $91.55 a barrel, after reaching $96 on Tuesday.
Prices jumped on Tuesday on worries that Western sanctions imposed on Russia after it sent troops into two regions in eastern Ukraine could hit energy supplies.
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