NEW YORK, March 21 (Xinhua) -- Oil prices jumped on Monday as reports that the European Union (EU) is considering a ban on Russian energy stoked fears about crude supply.
The West Texas Intermediate (WTI) for April delivery added 7.42 U.S. dollars, or 7.1 percent, to settle at 112.12 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery increased 7.69 dollars, or 7.1 percent, to close at 115.62 dollars a barrel on the London ICE Futures Exchange.
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