Oil rose in early Asian trading, supported by concerns over potential disruptions to global supply, according to Julian Pineda, market analyst at Forex.com. A rebound in buying interest has added fresh volatility to the market, he noted in a commentary.

Investors are closely watching developments in Ukraine, where escalating tensions could trigger new sanctions on Russia and disrupt global oil flows.

At last check, front-month WTI crude futures were up 0.7% at $63.16/bbl, while Brent futures gained 0.6% to $67.25/bbl.