Oil Rises as Trump’s Russia Comments Boost Concerns Over Flows

Oil rose after US President Donald Trump said he would move up the deadline for Russia to agree to a truce in Ukraine, reigniting concerns that tensions between Moscow and the West will threaten flows of crude supplies.

West Texas Intermediate climbed by 2.4% to settle at the highest in a week while Brent climbed above $70 a barrel to end the session at the highest level in more than two weeks.