WTI Crude oil futures tanked today, pulling back from seven year highs as some easing of geopolitical tensions led to quick selloff. The US and UK leaders have said not all hope is lost for a diplomatic solution to the Ukraine crisis. Joe Biden and Boris Johnson agreed a deal was still possible despite warnings of imminent Russian military action. WTI Crude oil futures gave up some of the Ukraine premium on this news and lost around 3% to quote at $92.79 per barrel. MCX Crude oil futures are down 1.63% to trade at Rs 6992 per barrel after hitting almost Rs 7200 per barrel earlier in the session.
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