The oil prices They fell on Wednesday, having risen earlier on reports that Ukraine’s government, foreign ministry and state security service were hit by a cyberattack.
Brent crude was down 7 cents, or 0.07%, at $96.77 a barrel by 1914 GMT, after hitting $99.50 on Tuesday, the highest since September 2014.
US West Texas Intermediate (WTI) crude futures fell 11 cents, or 0.1%, to $92.20 a barrel, after hitting $96 on Tuesday.
“The market is getting more and more tired and the gains made after the cyber attack were not maintained (…) the calculation is too difficult to worry too muchsaid John Kilduff, partner at Again Capital LLC.
Moscow denies it is planning an invasion and has dismissed the warnings as anti-Russian hysteria, but has taken no action to withdraw troops from Ukraine’s borders.
US stocks fell on Wednesday as reports of cyberattacks on several Ukrainian state websites raised concerns.
Ukraine declared a state of emergency on Wednesday and asked its citizens in Russia to leave the country, while Moscow began evacuating its embassy in Kiev.
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Oil prices had risen on Tuesday on fears that sanctions imposed by Western countries on Russia, following the sending of troops to two breakaway regions in eastern Ukraine, could affect energy supplies.
Sanctions imposed by the United States, the European Union, Britain, Australia, Canada and Japan targeted Russian banks and elites, while Germany halted the certification of a gas pipeline from Russia.
The United States made it clear that the sanctions agreed and those that may be imposed will not focus on oil and gas flows.
