Oil rises back above $100

Oil rose almost 3 per cent on Wednesday, back above $100 a barrel, recovering from a decline in the previous session as concern eased about slowing demand in China, although signs of progress in Russia-Ukraine peace talks limited gains.

Ukraine's president said the positions of Ukraine and Russia were sounding more realistic, but more time was needed. read more Russia's foreign minister said some deals with Ukraine were close to being agreed.

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