Oil Rises as US Keeps Pressure on India for Russia Crude Deals

Oil advanced in a choppy session after a Trump administration trade official said he expected additional tariffs on India as a result of the country’s Russian crude purchases.

West Texas Intermediate for October delivery climbed more than 1% to settle above $63 a barrel after trade adviser Peter Navarro said he expected US tariffs on India to double on Aug. 27 as a penalty for Russian oil purchases. Brent gained to settle near $68. For the past 10 sessions, US oil futures have been locked in a tight range between about $62 and $65 a barrel.