Oil rose, snapping a four-day losing streak, as traders assess mounting threats to Russian supply flows, from Ukrainian strikes on its enemy’s energy assets to a potential diesel-export ban.
West Texas Intermediate crude rose 1.8% to settle near $63, the biggest gain since early September. Russia is mulling banning diesel exports for some companies amid a spate of attacks by Ukrainian drones on Moscow’s oil refineries, including two latest overnight attacks on oil pipeline that caused gasoline and diesel futures to spiral on the nation’s key Spimex commodities exchange.