Oil prices jump by 3% after EU plans ban on Russian supplies ...Kuwait

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Oil prices jump by 3% after EU plans ban on Russian supplies
Oil prices jumped on Wednesday as the European Union, the world's largest trading bloc, set out plans to phase out imports of Russian oil.  Brent crude futures rose $2.94, or 2.8 percent, to $107.91 a barrel by 0746 GMT amid thin trading volume, with China and Japan closed for holidays. West Texas Intermediate crude futures rose $3.02, or 3 percemt, to $105.43 a barrel. The recovery package for Ukraine will bring the stability and certainty needed to make the country an attractive destination for foreign direct investment. And eventually it will pave the way for Ukraine’s future inside the European Union. pic.twitter.com/eQpvnGI9qg — Ursula von der Leyen (@vonderleye

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