West Texas above $104 as Ukraine Tensions Support

U.S. crude oil futures steadied above $104 a barrel on Tuesday, with investors keeping a close eye on Ukraine where a deal to peacefully resolve tensions with Russia appeared to be faltering.

U.S. crude for May delivery was down 11 cents at $104.26 a barrel by 0032 GMT after ending nearly flat on Monday.  Brent oil also slipped 11 cents to $109.84 per barrel, not too far below a six-week high of $110.36 reached last week.

U.S. and European officials say they will hold Russia responsible and impose new economic sanctions if pro-Moscow separatists do not clear out of government buildings they have occupied across eastern Ukraine over the past two weeks.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.