Jul. 30 at 8:45 PM
$USEG
HOUSTON, July 30 (Reuters) - Oil prices settled 1% higher on Wednesday as investors focused on developments on U.S. President Donald Trump's tighter deadline for Russia to end the war in Ukraine and his tariff threats to countries that trade its oil.
The Brent crude September contract, which was set to expire on Thursday, closed 73 cents, 1.01%, higher at
$73.24. U.S. West Texas Intermediate crude was up 79 cents, or 1.14%, at
$70, with investors largely shrugging off mixed U.S. data on crude and fuel inventories.
- Trump vows sanctions unless Russia makes progress on peace deal
- Trump says US to impose 25% tariff on India from Aug 1
- US also warns China over Russian oil
- China unlikely to comply with US sanctions, analysts say