Brent crude fell amid speculation Ukraine’s election of a new president may help ease months of tension with Russia, the world’s biggest energy exporter. West Texas Intermediate slid in . Futures dropped as much 0.7 percent in London . Ukraine voted billionaire Petro Poroshenko as president yesterday, handing him the task of stemming separatist unrest in the country, a conduit for Russian oil and natural gas supplies to Europe. China , the second-largest oil user globally, announced plans to slow its pace of energy consumption. “Market tensions are easing over potential disruptions from Russia,” Barnabas Gan, an economist at Oversea-Chinese Banking Corp. in Singapore , said by phone today. “The market was also anticipating that U.S. and European sanctions could have been imposed on the Russian oil industry, which didn’t come to pass. The success of the election could have possibly eliminated these fears.” Brent for July settlement declined […]