(Reuters) -Oil prices nudged higher on Friday to fresh one-week highs after U.S. President Donald Trump warned of “consequences” if Russia blocked a Ukraine peace deal, injecting concerns about supply.

Sentiment was also boosted by strong economic data out of Japan, which is among the largest global crude importers.

Brent crude futures gained 16 cents, or 0.2%, to $67.00 a barrel by (0017 GMT). U.S. West Texas Intermediate crude futures were up 14 cents, also 0.2%, to $64.10.

All eyes are on Friday’s meeting of Trump and Russian leader Vladimir Putin in Alaska where a ceasefire in the Ukraine war is at the top of the agenda. A continued conflict between Russia and Ukraine supports oil markets by limiting the supply of Russian oil.

Trump, however, also said he believes Russia is prepare

See Full Page