Oil price falls to pre-Ukraine war level

The main US oil contract fell on Thursday to levels where it stood before Russia’s late February invasion of Ukraine sent crude prices soaring. West Texas Intermediate dropped 0.9 per cent to $89.86 in afternoon trading in Europe while the main international contract, Brent, shed 1.22 per cent to $95.58.

The main US oil contract fell on Thursday to levels where it stood before Russia’s late February invasion of Ukraine sent crude prices soaring.

West Texas Intermediate dropped 0.9 per cent to $89.86 in afternoon trading in Europe while the main international contract, Brent, shed 1.22 per cent to $95.58.