Consumers around the world are getting relief as oil prices fall from their eight-year highs, amid signs of cooling tensions between Russia and Ukraine. International crude benchmark Brent is trading around $92 a barrel, after reaching $96 earlier in the week. Stock markets are also in the green, reversing three days of losses.

Danni Hewson is a financial analyst at AJ Bell in Huddersfield in England. She said the dip in oil prices is temporary, and consumers should expect costs to go up in the coming weeks.

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