Locator: 48718OIL.
Oil prices hit their highest level in more than a month on Tuesday after President Donald Trump said he intends to place sanctions on buyers of Russian oil if Moscow doesn’t agree to a cease fire in Ukraine within 10 days.
Brent crude, the international benchmark, settled at $72.51 per barrel, rising 3.5% on the day and nearly 6% in the past two days. The Energy Select Sector exchange-traded fund, which holds major U.S. energy stocks, was up 1% on Tuesday.
