Oil Rises as Traders Weigh Kazakh Supply and Greenland Tensions

Oil rose as traders weighed the supply impact from disruptions in the Black Sea region along with broader market gyrations in the wake of President Donald Trump’s ambitions to take over Greenland. West Texas Intermediate’s February contract, which settled Tuesday, rose 1.5% to settle above $60. The more active March contract rose by a similar amount. Supply disruptions have helped support prices, with Kazakhstan’s largest oil producer recently halting production at the Tengiz and Korolev fields after two ...