[Houston 21st Reuters]-US time crude oil futures rose more than 7%. The European Union (EU) Foreign Minister has been debated over the introduction of sanctions on Russia’s crude oil sector over Russia’s invasion of Ukraine. However, the views did not agree in the discussion.
The liquidation price is $ 115.62 a barrel, which is $ 7.69 (7.12%) higher for North Sea Brent futures. US WTI futures rose $ 7.42 (7.09%) to $ 112.12.
Again Capital partner John Kirduff said the EU’s introduction of sanctions on Russian crude could put a global supply crisis.
