WTI, Brent Crudes Decline After Ukraine Talks
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West Texas Intermediate and Brent crudes dropped as the U.S. and Russia agreed to the need for a diplomatic solution to tensions over Ukraine.
WTI fell for the first time in four days. U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov said after a meeting in Paris that they would hold further talks to seek an outcome acceptable to Ukraine. WTI and Brent gained last week as Russia massed troops along the Ukrainian border. WTI rebounded from the day’s lows as Federal Reserve Chair Janet Yellen said the economy will need further support.