Crude oil prices extend gains; Brent hits $63, WTI nears $60 after Ukraine strike on Russian oil pipeline

Crude prices extended gains into a second session on Thursday, 4 December, with Brent crude futures rising 0.52% to $63 per barrel, while WTI crude futures gained nearly 1%, reaching the day’s high of $59.45 per barrel.

Prices strengthened following a period of sharp volatility after a fresh round of Ukrainian attacks on Russian oil supplies and stalled peace talks, which lowered expectations of restored Russian flows.