Last week oil price declined to fall by about $4 a barrel after a US official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine.

• Tech Mahindra Expands ServiceNow Alliance for Enterprise AI
• Aditya Birla Capital Shares Jump 4% on Gold Loan Foray
• Crompton Greaves Shares Rise on FY29-31 Outlook
• Escorts Kubota to Invest Rs 2,000 Crore in New UP Plant
• Brigade Enterprises Shares Jump 6% on HealthEdge Lease Deal

Brent crude futures were last down by $4.12 or 3.6 per cent at $108.55 a barrel at 0115 GMT on Monday. US West Texas Intermediate (WTI) crude futures eased $3.93 or 3.7 per cent to $105.40 a barrel. Both contracts have surged since Russia’s Feb. 24 invasion of Ukraine and are up roughly 40 per cent for the year to date.

On Sunday, US Deputy Secretary of State Wendy Sherman said that Russia is showing signs it might be willing to have substantive negotiations over Ukraine, even as Moscow intends to ” destroy” its neighbour. Russia’s invasion, which Moscow calls a “special operation,” has roiled energy markets globally.