Brent crude futures settled up US$1.18, or 1.8%, to US$65.85 a barrel, while US West Texas Intermediate crude ended US$1.14, or 1.9%, higher at US$62.47.
HOUSTON: Oil prices rose nearly 2% on Wednesday to a two-week high on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil.
Brent crude futures settled up US$1.18, or 1.8%, to US$65.85 a barrel, while US West Texas Intermediate crude ended US$1.14, or 1.9%, higher at US$62.47.
