WTI Crude Rises Toward $65 on Supply Risks, China Demand Boost

WTI crude oil futures climbed near $65 per barrel on Tuesday, extending gains as traders weighed supply risks and demand signals. Concerns over Russian crude flows grew after Ukrainian strikes on energy infrastructure, while European leaders pressed for secondary sanctions and the U.S. urged India to curb Russian imports.

Prices also found support from signs of resilience in China, where a private survey showed manufacturing activity expanding at its fastest pace in five months. Still, expectations of a supply surplus kept gains in check.

Investors now await this week’s OPEC+ meeting, where producers will decide whether to extend output increases beyond September.