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Oil Prices Retreat After Brief Surge to Two-Week High

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Oil Prices Retreat After Brief Surge to Two-Week High
Oil Prices Retreat After Brief Surge to Two-Week High
Reporter 5By

Oil Prices Retreat After Brief Surge to Two-Week High

By Reporter 5

Global oil markets saw a pullback on Tuesday, as crude prices dipped following a sharp rally that had pushed to their highest levels in over two weeks.  Brent crude futures fell by 32 cents, or 0.5%, to settle at $68.48 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 33 cents, or 0.5%, to $64.47. Both benchmarks had surged nearly 2% in the previous session, driven by concerns over escalating conflict between Russia and Ukraine. Also Read: David Luiz Caught in Cheating Scandal  

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