Economics
Crude Oils Advance on Ukraine Tension, Economic Reports
This article is for subscribers only.
Brent crude rose to the highest level in seven weeks, widening the premium to West Texas Intermediate, as tension increased between Russia and Ukraine.
Brent advanced 1.1 percent in London. Russia President Vladimir Putin warned Ukraine against continuing its anti-separatist offensive after government troops killed five rebels, prompting Russia’s military to begin new drills on the two nations’ border. Prices fell yesterday after data showed U.S. crude supplies at an 83-year high.