—Reuters
HOUSTON: Oil prices settled higher on Tuesday after a choppy session as traders weighed the impact of Western sanctions on Russian oil flows, as well as U.S. President Donald Trump saying his administration had started interviewing for the next Federal Reserve chair.
Brent crude settled up 69 cents, or 1.07%, at $64.89 a barrel. U.S. West Texas Intermediate crude was up 83 cents, or 1.39%, to $60.74. U.S. crude futures briefly rose by more than $1 a barrel in afternoon trade to a session high of $60.92 after Trump announced the Federal Reserve chair interviews. Trump has been vocally critical of current Chair Jerome Powell for not cutting interest rates more quickly.
