Brent crude settles below $100 as Putin casts doubts over peace talks

• Putin says that Ukraine isn’t serious about finding solutions to stop fighting

• Brent settled 6.54% lower at $99.91 per barrel

Russian President Vladimir Putin’s doubts over the success of talks between Ukraine and Russia slowed down the pace at which oil prices were falling.

Both West Texas Intermediate crude, the U.S. oil benchmark, and global benchmark Brent crude settled below $100 per barrel on Tuesday. This is still lower than the highs of $130 per barrel, a week ago.