LONDON—Oil steadied on Monday after earlier hitting its highest in more than seven years on fears that a possible Russian invasion of Ukraine could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top producers.
Brent crude was up 11 cents, or 0.1 percent, at $94.55 a barrel by 1107 GMT, after earlier hitting a peak of $96.16, the highest since October 2014.
