Oil held a three-day drop as investors assessed the impact of Western sanctions against leading Russian crude producers, alongside a mixed industry estimate of US inventory changes.

Global benchmark Brent traded below $65 a barrel after falling more than 2% over the prior three sessions, while West Texas Intermediate was near $60. US President Donald Trump will follow through and enforce harsh new sanctions against Moscow to pressure Vladimir Putin into negotiations to end the war in Ukraine, according to Matthew Whitaker, the US ambassador to NATO.

Meanwhile, the US industry report showed a 4-million-barrel drop in nationwide crude holdings, along with draws in gasoline and distillates. Still, the snapshot also flagged a rise in oil inventories at the key hub at Cushing, Oklahoma. Offic

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