Oil prices dip on hopes of Ukraine crisis easing

SINGAPORE: Oil prices dipped in Asian trade Tuesday as reports of a partial withdrawal of Russian troops along the Ukrainian border raised hopes of an easing in the worst East-West standoff since the Cold War.

New York´s West Texas Intermediate (WTI) for May delivery dropped 24 cents to $101.34 a barrel in mid-morning Asian trade and Brent North Sea crude for May shed 13 cents to $107.63.