Oil Climbs as Futures Hit Key Technical Level on Russia Risk

Oil rose to a three-week high after futures topped a key technical level, accelerating gains driven by US President Donald Trump’s increasingly hawkish rhetoric against Russia as traders watch for supply disruptions from the OPEC+ member. West Texas Intermediate rose as much as 2.3% to top $64 a barrel after Trump said he thought NATO nations should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone about Ukraine’s chances of winning the war. He also reiterated the ...