Doha: Oil prices rose at settlement on Tuesday as traders assessed the impact of Western sanctions on Russian crude flows. Brent crude gained 69 cents, or 1.07 percent, to close at $64.89 a barrel. US West Texas Intermediate crude rose 83 cents, or 1.39 percent, to $60.74 a barrel. According to Qatar News Agency, futures for US crude briefly climbed more than a dollar in afternoon trading, hitting a session high of $60.92. This increase was influenced by President Trump's announcement that he would conduct interviews to select a new Federal Reserve chair. The market's reaction highlights the ongoing sensitivity to geopolitical factors and leadership decisions that could influence monetary policy and economic stability.
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