OIL FUTURES: Brent falls below $100/b as China lockdowns, Ukraine peace talks add headwinds
Crude oil price declines extended March 15 as supply concerns eased amid spreading lockdowns in China and hopes for Ukraine-Russia negotiations could lead to a potential ceasefire. NYMEX April WTI settled $6.57 lower at $95.44/b and ICE May Brent declined $6.99 to $99.91/b. Front-month Brent last settled below the $100/b level Feb. 25. China, the world’s largest importer of oil,…