TOKYO (Reuters): Crude oil prices fell as much as 4 percent on Monday as tensions over the Ukraine dispute between the United States and Russia eased.
According to the details, Brent crude oil is being sold at $92.86 cents while trading in the international market, while the price of gas in the world market has increased by 3 percent.
On the other hand, the conflict between Russia and the United States is declining. Some Russian troops were sent back to the military base near the Ukrainian border, prompting a positive trend among investors.
Read more: US crude reaches 7-year high as oil prices rise
Russian President Vladimir Putin met with German Chancellor Olaf Scholz in the Russian capital, Moscow. Later, addressing a news conference, the Russian president said that Russia is ready to continue talks with the United States and NATO countries on missiles and other issues.
President Vladimir Putin has said that Russia does not want a war in Europe, so he offered security but no constructive response was given. The German Chancellor said that the formation of the Russian army is seen as a threat.
