Brent crude traded near a seven- week high amid speculation that escalating tension between the U.S. and Russia over Ukraine may disrupt energy supplies to Europe. West Texas Intermediate in New York was steady.
The dollar gained for a seventh day against a basket of peers, the longest streak in almost a year, as revised data in a Federal Reserve Bank of Chicago index signaled greater-than-forecast strength in the U.S. economy.
Tesla Motors Inc. Chief Executive Officer Elon Musk, who’s preparing to begin deliveries of the Model S electric vehicle in China, forecast the company will be making cars in the country in the next three to four years.
Japan’s government pension fund overhauled its investment committee, adding three members of a state panel that urged it to cut bonds, as the balance of power shifts at the world’s biggest manager of retirement savings.