Dhaka, July 30 -- Oil prices took a breather in Asian trade on Wednesday after the previous session's spike of more than 3.0 per cent, as investors awaited developments from US President Donald Trump's tighter deadline for Russia to end the war in Ukraine.

Most active Brent crude futures rose 8.0 cents, or 0.12 per cent, to $71.81 a barrel by 0419 GMT, while US West Texas Intermediate crude gained 8.0 cents, or 0.12 per cent, to $69.29 a barrel.

The Brent crude September contract expiring on Wednesday was up 18 cents at $72.69 per barrel, as per a Reuters report.

Both contracts had settled on Tuesday at their highest since June 20.

On Tuesday, Trump said he would start imposing measures on Russia, such as secondary tariffs of 100% on ...