Oil settled higher on the increased likelihood of the EU banning Russian crude
Oil settled higher on the increased likelihood of the EU banning Russian crude
International benchmarks for crude oil settled higher on Thursday, 28 April 2022 on the increased likelihood that German would join other EU members in banning Russian oil, which would further stress the global supply shortages.
Brent jumped $2.27 to close at $107.59/barrel.
WTI rose $3.34 to settle at $105.36/barrel.