Oil prices climbed on Monday as traders anticipated more US sanctions and Ukrainian attacks targeting energy infrastructure in Russia could disrupt supplies.
Brent crude futures were up $1.20 or 1.77% to $68.93, and West Texas Intermediate crude futures gained $1.29 or 2.03% to $64.95.
The US is trying to broker a peace deal between Ukraine and Russia to bring an end to the three-and-a-half-year war.
U.S. President Donald Trump said again on Friday that he would impose sanctions on Russia if there was no progress toward a peaceful settlement in Ukraine in two weeks.
He has also said he may hit India with harsh tariffs over its purchases of Russian oil.
comments powered by Disqus
All feeds
