Oil rises as Russia-West stand-off alarms tight market | Reuters
Oil prices rose on Monday over the stand-off between Russia and the West over Ukraine, adding to supply concerns that have kept oil prices near $100 a barrel.
Brent crude futures jumped $2.74, or 2.91%, to $96.28 a barrel by 2 p.m. ET (1910 GMT). U.S. West Texas Intermediate (WTI) crude futures rose $2.79, or 3,06%, to $93.86 a barrel at 1915 GMT.
Russian forces killed a group of five saboteurs who breached the country's southwest border from Ukraine on Monday, news agencies quoted the military as saying, an accusation that Ukraine called fake news. read more
French President Emmanuel Macron said earlier on Monday that U.S. President Joe Biden and Russian President Vladimir Putin had agreed in principle to a summit over Ukraine, but the Kremlin said there were no immediate plans. read more
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