LONDON—Oil prices jumped more than $3 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi oil facilities. Brent crude futures were up $3.40, or 3.2 percent, at $111.33 a barrel by 0958 GMT, adding to a 1.2 percent rise last Friday. U.S. West Texas Intermediate (WTI) crude futures rose $3.65, or 3.5 percent, to $108.35, extending a 1.7 percent jump last Friday. Prices moved higher ahead of talks this week between European Union governments and President Joe Biden in a series of summits that aim to harden the West’s response to Moscow over its invasion of Ukraine. EU governments will consider whether to impose an oil embargo on Russia. Early on Monday Ukraine’s deputy prime minister, Iryna Vershchuk, said there was no chance the country’s forces would surrender …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta