was considering releasing up to 180 million barrels from its strategic petroleum reserve as part of a move to lower fuel prices.Intermediate futures were down 4.7 per cent at $102.76 .invaded Ukraine in late February and the United States and allies responded with hefty sanctions on Russia, the second-largest exporter of crude.
That optimism was petering out as Ukraine prepared for new Russian attacks, ahead of peace talks resuming on Friday. The Stoxx 600 was on track for a 5.8 per cent drop in the first quarter of 2022, its biggest quarterly fall since it plunged 23 per cent in the first quarter of 2020.said that investors were still cautious about Ukraine, with central banks facing a “stagflation environment”.
A recent sell-off in U.S. Treasuries paused and the 10-year Treasury yield edged lower, at 2.3416 per cent, compared to its three-year high of 2.557 per cent reached on Monday.