Oil extended the biggest gain in a week, as US President Donald Trump ramped up his rhetoric against Russia and traders watched for supply disruptions from the OPEC+ member.
Brent rose toward $68 a barrel after gaining 1.6% on Tuesday, while West Texas Intermediate was near $64. Trump said he thought NATO nations should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone on Ukraine’s chances of winning the war. He also reiterated that the US was ready to impose strong tariffs on Moscow, but said measures would be effective only if European countries stopped buying Russian oil.