WTI Oil Falls Below $100 Amid Signals Of ‘Constructive’ Peace Talks

Oil prices dipped by more than 5% early on Tuesday, with the U.S. benchmark WTI slumping to just below $100 a barrel after signs emerged that the resumption of the Russia-Ukraine peace talks after two weeks may have been constructive. As of 9:34 a.m. ET, WTI Crude was down 5.71% at $99.91, and Brent Crude was down 5.64% at $106.10.   Oil extended the losses from Monday, when prices tumbled after China, the world’s largest oil importer, imposed a lockdown in Shanghai due to the high number of COVID infections, rekindling concern about…