HOUSTON: Oil prices settled higher on Wednesday by more than US$1 a barrel as investors worried about possible supply disruptions after Poland downed drones in its airspace and the US pushed for new sanctions on buyers of Russian oil the day after an Israeli attack in Qatar, but a report showing swelling US supplies capped gains.
Brent crude futures settled up US$1.10, or 1.7%, at US$67.49 a barrel. US West Texas Intermediate crude futures rose US$1.04, or 1.7%, to settle at US$63.67 a barrel.
