Brent Trades Near Two-Week High on Ukraine Tensions
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Brent crude traded near its highest closing level in almost two weeks as heightened tensions between Ukraine and Russia fanned concern that energy supplies are at risk. West Texas Intermediate rose in New York.
Brent advanced 0.3 percent in London. Ukrainian President Petro Poroshenko called an emergency security meeting to defend against what he called a Russian “invasion” after separatists gained ground in intensified fighting in eastern regions. In Iraq, Kurdish forces regained control of the Ain Zala and Batma oilfields during an offensive against Islamic militants.