While Ukraine and Russia blame one another for stalling any possible peace talks, oil prices climbed on Thursday by nearly a dollar a barrel.
As Reuters reported, the path to peace in Ukraine remained uncertain, turning oil traders cautious after a selloff over the past two weeks on hopes that U.S. President Donald Trump would soon negotiate a diplomatic end to Russia’s war with its neighbor.
Global benchmark Brent crude futures finished up 85 cents or about 1.3% to $67.69 a barrel. They managed to hit a two-week high earlier in the session.
West Texas Intermediate crude futures closed up 86 cents or 1.4% at $63.57 a barrel on the New York Mercantile Exchange.
Natural gas rose nearly 2% on a $0.054 gain to settle at $2.806 per MMBtu.
As for Oklahoma energy stocks, most finished the day in the positive column including SandRidge Energy with a 4% gain.
