Crude oil prices surge as supply risk grows from Russia-Ukraine war

Oil prices surged for a third day as the war in Ukraine neared the one-month mark with no conclusion in sight.
 

Brent topped $111 a barrel, up 14 per cent since its close last Wednesday. The European Union will consider a Russian oil
embargo this week, with US President Joe Biden due in the region for NATO, Group of 7 and EU summits, Reuters reported.
The Kremlin said any such ban would harm everyone.
 

In studying new sanctions, “it is unavoidable to talk about the energy sector,” Lithuanian Foreign Minister Gabrielius Landsbergis said before a meeting of EU foreign and