Brent Oil Rises First Time in Three Days on Ukraine
This article is for subscribers only.
Brent crude rose for the first time in three days on concern that escalating tensions in Ukraine may disrupt global supplies. WTI also gained after U.S. employers boosted payrolls by the most in two years.
Brent advanced 0.8 percent. Ukraine sent armored vehicles and artillery to retake Slovyansk, a stronghold for pro-separatist forces, defying President Vladimir Putin’s demand to pull back troops with Russia’s army massed across the border. WTI reduced weekly losses as the unemployment rate dropped to 6.3 percent in April, the least since September 2008.