The Chicago Entrepreneur

Oil ends higher after report Germany prepared to end Russian crude purchases

Oil futures finished higher Thursday after The Wall Street Journal reported that Germany had dropped its opposition to a European Union ban on purchases of Russian oil provided that Berlin is given time to find alternative sources of supply. Berlin had been seen as a primary hurdle to an EU-wide ban. West Texas Intermediate crude for June delivery rose $3.34, or 3.3%, to close at $105.36 a barrel on the New York Mercantile Exchange.

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