India, Feb. 17 -- The easing in crude oil prices continued unabated on Monday with both Brent and WTI shedding a little less than a quarter percent. The sentiment is attributed to the prospect of peace in Eastern Europe, as talks to end the war between Russia and Ukraine are expected to begin in Saudi Arabia later in the week. Supply concerns are expected to ease if an end to the war also portends a reversal of sanctions on Russia and an easier flow of Russian crude oil to the global markets.
The easing in the prices of the black liquid comes also amidst the Dollar's strength. The Dollar Index which measures the U.S. Dollar's strength against a basket of 6 currencies is currently at 106.83 versus 106.71 at close on Friday.
Brent Oil Futur...