NEW DELHI: Oil prices extended gains on Tuesday as some European Union members discussed a potential oil embargo on Russia and attacks on Saudi facilities sent jitters through the market.
Front-month West Texas Intermediate futures CLc1 were up $2.20, or 1.96%, to $114.32 a barrel on NYMEX and Brent futures LCOc1 were up $3.18, or 2.75%, to $118.80 a barrel on the Intercontinental Exchange at 0440 GMT.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
