Oil prices climbed early Tuesday after Russia–Ukraine peace talks reached a stalemate, but eased toward the end of the day’s trading session as China and Japan—the world’s top oil consumers—reported weak economic data.
Brent oil started April 12 at $100.14 and climbed over 4.7 percent to a high of $104.88 before hitting resistance and closing the session at $104.19. Brent is currently trading at $104.23 as of 2:48 a.m. New York time. West Texas Intermediate (WTI) crude futures started April 12 at $96.17 and are presently trading at $100.15.
President Vladimir Putin said peace talks with Ukraine were “at a dead end” and vowed to push forward the invasion, while Kyiv blamed Moscow for derailing the talks.
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