Crude oil pared some losses from more than 2% fall in Asian trading on Thursday after Russian backed rebels in eastern Ukraine accused Kyiv government forces shelling their territory with mortars.
U.S. WTI was trading down by 1.45% to $92.93 while Brent was trading down by 1.40% at $93.49 per barrel.
Rebels backed by Russia in eastern Ukraine said Kyiv government forces used mortars attack in their territory which is in violation of agreements amid to end the conflict, according to Russian news agency RIA.
Earlier oil took heave loss after France and Iran said parties are closer to an agreement to salvage Iran’s 2015 nuclear deal with world powers, offsetting tensions over Ukraine.
