Brent Brent News

Brent Below $108 on Signs of Easing Ukrain Tension

Brent crude oil fell below $108 a barrel on Thursday as tensions in Ukraine showed signs of easing, but the crisis in Libya and a jump in Chinese crude imports to a record high underpinned prices. Front-month Brent, the international benchmark, shed 59 cents at $107.54 per barrel by 1328 GMT, after settling $1.07 higher on Wednesday. U.S. crude was 60 cents lower at $100.17 per barrel…