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Oil settles up more than 2% as Russian port suspends oil exports after Ukrainian attack

Investors are also watching the impact of Western sanctions on Russian oil supply and trade flows.

Oil gains almost 2% as Russian port suspends oil exports after Ukrainian attack

The decision to shed staff is one of the most visible effects so far of US sanctions on Lukoil.

Lukoil’s oil trading business sheds staff in Singapore, Geneva and Dubai as sanctions near

Spot gold was up 0.4 per cent at US$4,188.93 per ounce, as of 0200 GMT. Bullion is up 4.8 per cent so far this week.

Gold rises, poised for weekly gain on softer dollar

Brent crude futures rose 30 cents, or 0.5 per cent, to US$63.01 a barrel on Thursday.

Oil prices steady after steep losses in previous session

A Tata Steel sign is seen outside their plant in Scunthorpe northern England, October 15, 2014. REUTERS/Phil Noble/ File Photo

Tata Steel calls for extension of import tariffs on some steel products to India

The report alleges that China’s role as the world’s largest processor of many critical minerals has made it nearly impossible for the United States and allies to determine the true price of certain metals, including rare earths.

US House report accuses China of minerals market interference

Brent crude futures fell US$2.55, or 3.91 per cent, to US$62.61 a barrel by 1.13 pm CST (1913 GMT) after gaining 1.7 per cent on Tuesday.

Oil prices fall on Opec 2026 supply outlook

Spot gold was up 0.4 per cent at US$4,142.70 per ounce by 0012 GMT, after hitting its highest since Oct 23 on Tuesday.

Gold gains for fourth day on softer dollar, Fed rate-cut optimism

Brent crude futures settled US$1.10, or 1.72 per cent, higher to US$65.16 a barrel on Tuesday.

Oil up as investors balance sanctions risks, oversupply worries

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