India, July 14 -- Oil prices traded higher on Monday ahead of expected U.S. sanctions on Russia that may affect global supplies.
Brent crude futures for September delivery were up 0.8 percent at $70.90 in European trade while WTI crude futures for August settlement climbed 0.8 percent to $68.99.
Russia reportedly launched four missiles and 136 drones into Ukraine overnight into Monday morning after U.S. President Donald Trump said Sunday the U.S. would provide Kyiv with more Patriot surface-to-air systems to help defend against Russia's nightly bombardments.
With a ceasefire and an eventual peace deal thus failing to achieve a breakthrough, Trump is expected to make a "major statement" on Russia later today.
Trump already expressed frus...