Brent crude rose to a five-week high as tension escalated between Ukraine and Russia, the world’s biggest energy exporter. The North Sea oil’s premium to West Texas Intermediate widened for the first time in seven days.
The Standard & Poor’s 500 Index gained, following the worst week since 2012, after Citigroup Inc.’s earnings beat estimates and U.S. retail sales increased more than forecast. Treasuries fell with the ruble and commodities rose amid worsening violence in Ukraine.
European officials weighed expanding sanctions against Russia over Ukraine, where they say the government in Moscow is stoking deadly separatist unrest with the same methods it used to destabilize and annex Crimea.