Brent crude LCOc1 settled up $3.06, or 3.1%, at US$100.99 a barrel after touching a high of $105.07 in early trade.The Brent contract for April delivery expires on Monday. The most active contract, for May delivery, was up $3.14 at $97.26.
NEW YORK: Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.
Brent crude LCOc1 settled up $3.06, or 3.1%, at US$100.99 a barrel after touching a high of $105.07 in early trade.
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