Oil falls below $60 a barrel
Brent crude hits lowest intraday level for six months on hopes of Russia-Ukraine peace deal
Brent crude hits lowest intraday level for six months on hopes of Russia-Ukraine peace deal

Brent crude at highest level in three weeks

Brent crude rises for eighth consecutive day

Traders warn of further jump in prices and ‘huge pain’ as economies cut consumption

Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz

Crude back below $90 after surging to nearly $120 on Monday

If supply disruptions persist, holders of stockpiled reserves can’t be relied on to fully cushion the impact