Crude oil prices drop over 1% amid Ukraine conflict and Russian supply concerns

Crude oil prices lost more than 1 per cent today as traders monitor developments surrounding the war in Ukraine and potential disruption to Russian fuel supplies. Brent Crude was trading almost 1.6 per cent down at 67 dollars and 71 cents per barrel, and WTI Crude was also trading over 1.7 per cent down at 63 dollars and 37 cents per barrel, when reports last came in.