New York, 14 Mar The price of Texas intermediate oil (WTI) started the week with a significant drop, closing Monday with a 5.78% drop to $103.01 a barrel, on a day affected by talks between Russia and Ukraine and lockdowns decreed in China. According to data at the end of operations on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in April subtracted $6.32 from the previous close. At its lowest point of the session, Texas oil fell by 8.75 per cent and fell below the $100 per barrel barrier, but as of noon it managed to regain some ground on another day of volatility resulting from the invasion of Ukraine by Russian forces. CHIEF hc/fixed/dmt