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International Business Times
International Business Times
Business

Trump Announced an Ukraine-Russia Energy Ceasefire. Oil Prices are Climbing Anyway.

Donald Trump Volodymyr Zelenksyy Ceasefire Russia Oil Vladimir Putin Kremlin
Brent crude topped $106 on Monday after Ukrainian President Volodymyr Zelenskyy said Russia has kept attacking energy infrastructure. (Credit: Getty Images)

Oil prices are climbing on Monday after Ukrainian President Volodymyr Zelenskyy said Russia has kept targeting the country's energy infrastructure despite a ceasefire announced by President Donald Trump.

Brent crude, the international benchmark, gained 1.35% and stood at $106.13 per barrel at 8:00 a.m. ET, while West Texas Intermediate, the U.S. benchmark, climbed 1.47% and clocked in at $93.20 per barrel at the same time.

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