LONDON: Oil prices climbed on Monday as traders weighed concerns that Russian supply could be disrupted by more U.S. sanctions and Ukrainian attacks targeting energy infrastructure in Russia. Brent crude futures were up 40 cents, or 0.6%, to $68.13 by 1315 GMT, and West Texas Intermediate (WTI) crude futures gained 46 cents, or 0.7%, to $64.12.
"The market is somewhat concerned that these peace negotiations are going nowhere," said Ole Hansen, head of commodity strategy at Saxo Bank.
"The market is looking for supply to exceed demand in the autumn months, but in the short term that's being challenged by a potential geopolitical disruption."
...
