SINGAPORE: Oil prices fell on Wednesday after Russia agreed to US President Donald Trump’s proposal that Moscow and Kyiv stop attacking each other’s energy infrastructure temporarily, which could lead to more Russian oil entering global markets.
Brent crude futures fell 19 cents, or 0.3 percent, to $70.37 a barrel by 7:20 a.m. Saudi time. US West Texas Intermediate crude was down 20 cents, or 0.3 percent, to $66.70.
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