The Brent crude September contract closed 73 cents, 1.01%, higher at US$73.24. US West Texas Intermediate crude was up 79 cents, or 1.14%, at US$70.
HOUSTON: Oil prices settled 1% higher on Wednesday as investors focused on developments on US President Donald Trump's tighter deadline for Russia to end the war in Ukraine and his tariff threats to countries that trade its oil.
The Brent crude September contract, which was set to expire on Thursday, closed 73 cents, 1.01%, higher at US$73.24. US West Texas Intermediate crude was up 79 cents, or 1.14%, at US$70, with investors largely shrugging off mixed US data on crude and fuel inventories.
