Business Standard

Brent at $115 a barrel as European Union weighs Russia oil ban

Crude oil prices stayed strong a fourth day as the European Union weighed a possible ban on Russian crude imports, to punish Moscow for its invasion of Ukraine

crude oil
Premium

Brent Crude swung between gains and losses but its price was little changed at $115.61 a barrel.

Bloomberg
Crude oil prices stayed strong a fourth day as the European Union weighed a possible ban on Russian crude imports to punish Moscow for its invasion of Ukraine, although some key members remain opposed to such a move for now.

West Texas Intermediate topped $113 a barrel in early trade, after jumping 18% over the previous three days. It was trading around $110-mark at 9 pm IST. Brent Crude swung between gains and losses but its price was little changed at $115.61 a barrel.

Josep Borrell, the EU’s foreign policy chief, said that he expects leaders to discuss,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 22 2022 | 11:41 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com