Brent crude traded near a six-week high amid concern that the escalating crisis in Ukraine will disrupt supplies. West Texas Intermediate rose for a second day.
Oil in New York traded near the lowest close since July after U.S. inventories rose more than forecast and fuel demand dropped.
India’s rupee may drop as much as 5 percent after wiping out three days of gains yesterday to signal a rally for the dollar, according to London-based City Index Ltd.
Oil fell from the highest price in three days in New York on speculation Greece’s steps to avert a financial collapse may fall short, threatening Europe’s economy and demand for fuel.
Oil traded near the highest level in three days after Iraq halted some crude exports and International Monetary Fund members pledged more than $430 billion to help protect the global economy.