Crude oil prices slipped almost 2% on Tuesday after reports surfaced claiming that Russia was considering a limited air truce with Ukraine. The halting of drone and missile strikes would reportedly be a gesture to US President Donald Trump to ease pressure from potential US sanctions expected after the August 8 deadline set by him, a Bloomberg report claimed earlier. West Texas Intermediate (WTI) for September’s deliveries dropped by 1.9% at 12:43 pm ET, selling for $65.10 per barrel. Meanwhile, Brent for October’s settlements declined by 1.76% and went for $67.61 per barrel a minute later.