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2022 March 22   10:16

Crude oil futures rise on commodity related concerns

Oil prices rose by 2.6%-2.85%

As of 22 March 2022, 08:32 (UTC+3), Brent Crude futures for May settlement were trading 2.85% higher at $118.91a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for May delivery on the New York Mercantile Exchange rose by 2.6% to $112.81 a barrel.

Crude oil prices are increasing as the EU is discussing sanctions against Russia’s oil industry.

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