Dhaka, March 19 -- Oil prices eased about 1.0 per cent on Tuesday as US President Donald Trump and Russian President Vladimir Putin discussed moves to end the three-year-old war in Ukraine, which could result in a possible easing of sanctions on Russian fuel exports.

Putin agreed to Trump's proposal that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days.

Brent futures fell 51 cents, or 0.7 per cent, to settle at $70.56 a barrel, while US West Texas Intermediate (WTI) crude fell 68 cents, or 1.0 per cent, to settle at $66.90.

Even if the US and Russia work out a ceasefire in Ukraine, some analysts said it will likely take a long while before Russian energy exports increase in a significant way, according ...