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.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.