(MENAFN- Qatar News Agency) Oil prices slumped Tuesday on profit-taking after spiking the day before owing to concerns over European energy supplies that had been triggered by the crisis over Ukraine.
Futures retreated as Russian President Vladimir Putin declared there was "no need" yet to send troops into Ukrain
Brent North Sea crude for delivery in April tumbled $1.78 to stand at $109.42 a barrel in late London deal
The contract had soared to $112.39 on Monday, recording the highest level this year. In Tuesday trade, West Texas Intermediate (WTI) for April shed $1.50 to $103.42 a barre
The US benchmark had shot up to $105.22 on Monday, the highest point for more than five month
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